Renaming is writing a number in an equivalent form, usually in terms of its place-value parts.
For example:
462 is 4 hundreds 6 tens and 2 ones, but it can be renamed as 46 tens and 2 ones, or 4 hundreds and 62 ones
4.35 = 4 ones, 3 tenths, 5 hundredths = 43 tenths, 5 hundredths = 435 hundredths

Renaming by place value

bundling sticks

Renaming using bundling sticks
13 ones is renamed as 1 ten and 3 ones