So if we stay consistent with the Greek abbreviations, then billion would be shown as a letter G . Think of your computer expressing bytes of memory as kilobyte, megabyte or gigabyte. However, when it comes to billion, we don’t really see G or MMM as the abbreviation for billion. We are more likely to see a headline that reads the government spent $60B on a new project. B for billion isn’t Greek or Roman; it is just the first letter of the word billion. As a young banker in the mid-80s, I learned what had been taught for many decades before, that we abbreviate thousands in our analysis with the letter M.
Outside of finance and accounting, it is common to find the value of a thousand abbreviated as , the value of a million abbreviated as , and the value of a billion abbreviated as . Typically we think of a million being abbreviated as . Yet, often in finance and accounting, we find what does mm mean that this abbreviation deviates from the cultural norm that permeates most industries. An example of mm is how someone would shorten the phrase “100 millimeters;” 100 mm. Professionalleadershipinstitute.com needs to review the security of your connection before proceeding.
A Member Of The STANDS4 Network
Those rates are expressed per thousand and the MM denotes millions. Likewise, we may quote you a single and aggregate contractor line of authority.
If 1,000 multiplied by 1,000 equals 1,000,000, and 1,000 equals M, then we can use the abbreviations to create calculations. Within finance and accounting, we often find something quite different. For example, a thousand is often abbreviated as , a million is abbreviated as , and a billion is abbreviated as or .
Unfortunately, there isn’t a consistent approach to labeling units. The least ambiguous approach is to simply write them out in words, such as “$ thousands.” This is CFI’s recommended method, to avoid any potential confusion. This page explains what the acronym “MM” means. The various definitions, examples, and related terms listed above have been written and compiled by the Slang.net team. Territory includes Washington, Oregon, Montana, Idaho, Hawaii, Alaska, California, and Utah.
The use of two m’s to denote millions is becoming less common. Frequently, in finance and accounting settings now, an analyst will use k to denote thousands and a capitalized M to denote millions. The Latin numeral MM is frequently used to designate that the units used in presenting information (financial and non-financial) are in millions. The example below shows how figures can be portrayed in millions. 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.
MM is an abbreviation of the words mutual masturbation. The Structured Query Language comprises several different data types that allow it to store different types of information… Western civilization has https://www.bookstime.com/ had two powerful influences — the traditions of the Greeks and the Romans, and there is often conflict. The Greeks would refer to the god of the sea as Poseidon, whereas the Romans would call him Neptune.
- MM is an abbreviation of the words mutual masturbation.
- This allows for the interpretation of financial statements to become more accessible.
- The Structured Query Language comprises several different data types that allow it to store different types of information…
- To summarize, our modern numerical system is the same as the Hindu-Arabic numerical system.