It is mostly to save space and for easy readership. I really appreciated the insight and comments from others. When they see $1M, many readers have no idea if the writer means $1,000 or $1 million. That’s a considerable difference ($999,000, to be exact). Just one sample of anecdotal evidence, market analysis reports from Frost and Sullivan use Mn for million and B for billion. Otherwise it seems common to use Bn for billion.
- Was wrong in saying that my explanation, or the use of “mm” to represent “million”, somehow doesn’t jive with the SI system.
- Oil and gas standard is “$MM,” but if you have the room, always better to spell it out.
- When preparing account analysis or account statements, accountants will typically write a statement at the top of the income balance sheet stating the kind of numeral figure used.
- In tables I’ve often seen 1.00 where there’s a note someplace that figures are in millions .
- M is one of the standard prefixes in the SI system of units.
The capital letter K is sometimes used informally to represent one thousand , especially in newspaper headlines. There is no space between the numeral and the letter K , as in 75 K .
Does MM mean millions? – Answers
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For the Romans, the god of wine would be Bacchus, and for the Greeks, it would be Dionysus. These differences carry themselves into many parts of our culture, including financial analysis. Free Financial Modeling Guide A Complete Guide to Financial Modeling This resource is designed to be the best free guide to financial modeling! For instance, if everyone reading the field you are writing expects to see MM as the abbreviation for million, and you use M or Mil it may put a hitch in the structure or flow of your work.
Abbreviations or Slang with similar meaning
Using m’s and M’s, US or UK billions and whatever else is quite dangerous unless one knows which formal or informal standards are being used/applied. All sorts of problems can occur in the original language and in translating. I work in the reinsurance industry, and it is very commonplace to see MM written to mean million and M to mean thousand, when writing of money. Symbols are used in mathematics and we therefore apply the universal rules of mathematics when using them. A symbol is an image, character, letter, or combination of same wholly used to represent something else.
Out of which, it issued $ 100,000,000 worth of shares only. Suggest to the company how to represent the same. 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 https://www.bookstime.com/ it to scientific notation. “M” is the official abbreviation used whenever a million units of something are requested. Physical quantities can also be expressed using the SI prefix mega , when dealing with SI units; for example, 1 megawatt equals 1,000,000 watts.
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You may also find it helpful to review measurement abbreviations for common units. Expand your ability to communicate about quantities and amounts by getting to know various names and expressions for large numbers.
There are several right answers to the question. Review a few examples of sentences that feature common abbreviations for billion.
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If you do use these abbreviations, be sure to clearly define them in the text. The correct abbreviation for “million” in the UK is only M. “M” is the only acceptable abbreviation to use for “million” in UK English. You’ll find that a lot of UK native speakers won’t even know what “mm” stands for (outside of the “millimeter” measurement that is abbreviated to “mm”). “M” is the most common abbreviation for “million.” If you’re going to abbreviate “million,” it would usually turn into this form.
As we mix our traditions, it sometimes becomes difficult to know what someone intends to convey expressing thousands or millions in an abbreviation. Agents will also commonly see us communicate M as thousands when we quote surety rates or agent commissions. For example, the standard Class B rate starts at $25/M for the first $100M; then $15/M for the next $400M; then $10/M for the next $2MM. Those rates are expressed per thousand and the MM denotes millions.
Abbreviation for Million (finance, science, and dollars)
The numerical transformation post 13th century in Europe is largely credited to Leonardo of Pisa, also known as Fibonacci. In 1202, he wrote a book called «The Book of Calculation,» in which he advocated for conducting mathematical equations with the Hindu-Arabic numeral system as opposed to the Roman numeral system. There are a few different ways to abbreviate billion, most are similar to the million abbreviations.
Review a few examples of sentences that feature common abbreviations for million. You can use any of the above abbreviations for thousand options when referring to thousands in writing. While the letter «k» is the most common abbreviation, there are a few different ways to abbreviate thousand. A million is commonly used to describe a large amount. For example, millions of people got affected due to a downfall in the economy. We are on a mission to help you become better at English. As a group of experienced English writers, we enjoy sharing our knowledge in a language that everyone is able to understand.
«MM» is quite a standard abbreviation in the financial industry for «millions.» One can find it on most financial statements and/or SEC filings. Not quite, but I see it a lot in an industry that probably uses the abbreviation more than just about any other. However, the use of two MM as an abbreviation for million is becoming less common in accounting. Both the abbreviations, M and MM, are correct for representing Million. ‘M’ abbreviation came from Mega and K for thousand and G for billion, and symbolize thousands. Whereas using MM represents thousands of thousands, along with M for a thousand. It is recommended that should not use abbreviations in academic or official writing.
- 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.
- The original symbol for thousand was M, based on the Latin word «mille».
- Candidly, for my resume clients who are lawyers and hybrids , I use M for million, and K for thousand.
- I have seen million, billion, and trillion abbreviated as M, B, and T respectively.
- Anyways, the implication that my logic somehow defies the SI is wrong.
- As happens here, where ‘mm’ indicates the plural of ‘m’ (‘million’), ‘millions’.
- Donna Svei, an executive resume writer and former C-level executive, retained search consultant, and CPA, authors all of AvidCareerist’s posts.
Accountants also use «MN» or simply «millions» as an alternative to all the zeroes. You should always make clear what it means to anyone reading your records. Traditionally, M is used as the symbol for thousands and MM for millions in the business world, particularly in accounting. However, there has been a growing tendency to use K as the symbol what does mm mean for tho… Roman numeral MM is frequently used to designate that the units used in presenting information (financial and non-financial) in millions. I used those abbreviations until I wrote this blog post and read all the comments. Since then, I have spelled million because it seems as though the opportunity for confusing readers is pretty high.