It’s then up to the reader to note the context, with the document stating the place value once at the beginning income statement and not again. As stated above, MM is generally used in business to represent millions since the letter M by itself has historically meant 1,000. That said, if your organization uses M and it doesn’t cause confusion, you are free to use M to abbreviate one million. Internet advertisers are familiar with CPM which is the cost per thousand impressions.
- Before “k” was adopted as the colloquial way of writing a thousand (i.e. $35k to mean $35,000), it was common to use “M” instead; “M” being the Roman Numeral for 1,000.
- A common shortening of millimetre in spoken English is “mil”.
- I have worked in equity markets for 20 years and poor abbreviations drive me crazy.
- He is the sole author of all the materials on AccountingCoach.com.
Abbreviations for “Million”
” This abbreviation works for both spoken and written dialogue, and is easily recognizable.
current community
In its simplest terms, a million is “one thousand thousand”. The word “million” https://www.bookstime.com/ is most often used in reference to money, but is also frequently used in exaggeration. The word “million” can be paired with the suffix “-aire” to form the word millionaire which indicates an individual with a million or more dollars. I worked in banking for 27 years (Federal Reserve Bank of Atlanta and Bank of America), and my experience in financial services was that M and MM were consistently used for thousands and millions, respectively.
Word History
If you’re looking to avoid the word million altogether, you won’t have much luck. The only other option is to write your entire number numerically or even convert it to scientific notation. Regardless of why you are trying to abbreviate the word “million,” you have come to the right place.
Mixing use of K for thousands and MM for millions
- Territory includes Washington, Oregon, Montana, Idaho, Hawaii, Alaska, California, and Utah.
- It’s then up to the reader to note the context, with the document stating the place value once at the beginning and not again.
- At Old Republic Surety we seek to deliver transparency and clarity in our communications.
- For example, in a document that requires the use of symbols because of limited space in a table, I see “500K-1MM” to stand for “500,000-1,000,000”.
- Generally, the abbreviation with two M’s is preferred in finance.
- Other numbers, such as “thousand,” have more interesting abbreviations, such as “k.” The three letters “mil” are very clearly defined as mbeaning million, so you shouldn’t run into any issues.
In this article, we will teach you how to abbreviate the word and how to use the abbreviation for “million.” Let’s first understand what million means. I have had the same dilemma and come to the conclusion that using k for thousands and MM for millions is a reasonable and pragmatic thing to do. However, millions range from 1,000,000 to 999,999,999 so there can be a maximum of eight zeros if you are referencing a 100 million (100,000,000). You can also use the abbreviation “mil” in casual conversation. You might hear something along the lines of “He dropped a couple mil on a new car,” or perhaps “How many mils is that house?
Popular in Wordplay
I have worked in equity markets for 20 years and poor abbreviations drive me crazy. Regretfully, until the USA goes metric there’s going to continue to be problem with this. In Japanese typography, these square symbols are used for laying out unit symbols without distorting the grid layout of text characters.
This practice was across the board mm meaning – exam reports, internal reporting, and so on. The millimetre (international spelling; SI unit symbol mm) or millimeter (American spelling) is a unit of length in the International System of Units (SI), equal to one thousandth of a metre, which is the SI base unit of length. Territory includes Washington, Oregon, Montana, Idaho, Hawaii, Alaska, California, and Utah. Darrel has over 30 years of proven success and is skilled in developing relationships with internal and external stakeholders to drive superior business results. In the general environment of municipal government, for dollars we use K for thousands, M for millions and B for billions.
