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placer1

Pronunciation: /ˈpleɪsə/

Definition of placer

noun

[often as modifier]
  • a deposit of sand or gravel in the bed of a river or lake, containing particles of valuable minerals:placer gold deposits

Origin:

early 19th century: from Latin American Spanish, literally 'deposit, shoal'; related to placel 'sandbank', from plaza 'a place'

placer in other Oxford dictionaries

Definition of placer in the US English dictionary