The document discusses decimals and their relationship to fractions. It defines decimals as numbers with values less than 1 that are written with a decimal point. Decimals extend the place value system to include values smaller than a whole unit. The value of each place decreases by a factor of 10 as you move right of the decimal point. Decimals can be added, subtracted, multiplied and divided following specific procedures. Decimals can represent either terminating or repeating decimals which can be converted to equivalent fractions.