K or M v s. Thousand or Million? Answers

“M” is the most common abbreviation for “million.” If you’re going to abbreviate “million,” it would usually turn into this form. It makes the most sense considering that “million” starts with the letter “M.” Most abbreviations follow this standard practice. We often find the abbreviation (mm) on financial statements, which stands for millions. Unfortunately, this practice can occasionally cause confusion within the financial industry as multiple numerical abbreviations are used interchangeably within society. So, “10,000,000” could become “10MM” or “10M.” “10 million” is also acceptable, but don’t use “10mill,” which is overly informal — stick to the more common abbreviations.

Below, this article will focus on the most popular representation, that phrase’s meaning, and other meanings that exist as well. You will most likely see it in online chatrooms or in text messages. Western civilization has had two powerful influences — the traditions of the Greeks and the Romans, and there is often conflict.

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It’s not surprising that most people don’t have $1 million because unless you make a ton of money, it is tough to save that much. The “MM” is just stylistics and is not meant to be “doubled.” Therefore, “10 MM USD” is simply US$10 million, or US$10,000,000. Million is generally abbreviated with a capital M as in Megabyte or just “mn”. So, using the prefix „milli“ in front of „liter“ creates a new word „milliliter“. A teaspoon holds 5 thousandths of a liter (51000 of a liter), but it is better to say „5 milliliters“, or write it simply as 5 mL. You put your backpack on a set of scales and it shows 2000 grams, we can call that 2 kilograms, or simply 2 kg.

To summarize, our modern numerical system is the same as the Hindu-Arabic numerical system. However, our abbreviations are a concoction of multiple cultural legacies ranging from Rome, Greece, India, China, and Arabia. The numerical transformation post 13th century in Europe is largely credited to Leonardo of Pisa, also known as Fibonacci. At Old Republic Surety we seek to deliver transparency and clarity in our communications.

What does MM and M mean in dollars?

• This can beconfusing because if you don’t know that then you may assume 10Mmeans 10 million rather than 10 thousand.
• The WSO investment banking interview course is designed by countless professionals with real world experience, tailored to people aspiring to break into the industry.
• Your sentences come from this report from Kleiner Perkins Caufield & Byers, who is a financial firm, so it is understandable that they would use MM to refer to millions.
• 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.
• However, our abbreviations are a concoction of multiple cultural legacies ranging from Rome, Greece, India, China, and Arabia.

However, in banking and business peoplestill commonly use M for 1000 and MM for 1,000,000. This can beconfusing because if you don’t know that then you may assume 10Mmeans 10 million rather than 10 thousand. For example, in a document that balance sheet requires the use of symbols because of limited space in a table, I see “500K-1MM” to stand for “500,000-1,000,000”.

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Only use abbreviations on your resume when they are common and easily understood. Abbreviating “million” as “M” is fine, because recruiters can easily understand what you’re trying to say. Abbreviating “hundred” as “H” would be strange, because it’s not an abbreviation you’re likely to find anywhere else.

Example Sentences With Billion Abbreviations

The example below shows how figures can be portrayed in millions. Thus, MM is the same as writing “M multiplied by M,” which is equal to “1,000 times 1,000”, which equals 1,000,000 . This guide will explore how the notation should be used, as well as alternative symbols that are used in practice.

We’ll explain the correct abbreviation for “million” in this article. A small-scale clothes manufacturing company, Weavers & Co., records the following data in its income statement. However, there has been a growing tendency to use K as the symbol for thousands instead of M.

Beyond Large Number Abbreviations

• However, when it comes to billion, we don’t really see G or MMM as the abbreviation for billion.
• For example, an annual salary of $60,000 might appear as $60k instead of $60M.
• I generally use $___MM, which was, and still is, often used by accountants and economists.
• A. You’ve identified two commonly used conventions in finance, one derived from Greek and the other from Latin, but neither one is standard.

M1 includes money in circulation plus checkable deposits in banks. M2 includes M1 plus savings deposits (less than $100,000) and money market mutual funds. The standard for million, is a capital ‚M‘, unlike one thousand which is a small ‚k‘. Wanted to see what people use is it m for thousand and mm for million or k for thousand and m for million in other financial institutions and in this field.

While the letter “k” is the most common abbreviation, there are a few different ways to abbreviate thousand. In numerical expressions, “MM” stands for millions (equivalent to 1,000,000), “K” represents thousands (equal to 1,000), and “B” represents billions (equivalent to 1,000,000,000). So if you work at a European bank you’ll probably be using the former.

Does M mean millions or thousands?

Connect and share knowledge within a single location that is structured and easy to search. To add to the potential for misunderstanding, MM is not the Roman numeral for million. There are a few different ways to abbreviate billion, most are similar to the million abbreviations. However, it’s fairly uncommon for “Million” to be abbreviated outside of scientific circles. Most native speakers wouldn’t care much about “million” as an abbreviation because they won’t often come across the number in their daily lives. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.

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? ” This abbreviation works for both spoken and written dialogue, and is easily recognizable. Personally I hate that notation and use capital M whenever given the opportunity. I feel like it used to show superiority or present another barrier to people outside of finance looking in.