Normally it means that the camera accepts 5"x7" negatives. If it's a 5x7 lens, it means that it accommodates image circle that's required for a 5x7 camera. However, it's up to you to put the dots together and determine whether the lens coverage only barely covers the 5x7 or whether it covers all the camera adjustments. Much to do with what sorts of needs you'll have.
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