Darrel has over 30 years of proven success and is skilled in developing relationships with internal and external stakeholders to drive superior business results. The problem with M is that depending on the audience it can mean either thousands or millions. This is ambiguous; hence, if you wish to be unambiguous the use of M to mean either thousands or millions is to be avoided. Thus, we’re left with k and MM as to unambiguous ways to denote thousands and millions respectively. However, I often see where those who are dealing with financing (banks and investment houses for bonds) use the MM for millions of dollars. In the general environment of municipal government, for dollars we use K for thousands, M for millions and B for billions.
- Outside of finance and accounting, it is common to find the value of a thousand abbreviated as (K), the value of a million abbreviated as (M), and the value of a billion abbreviated as (B).
- There are a few different ways to abbreviate billion, most are similar to the million abbreviations.
- “M” is the official abbreviation used whenever a million units of something are requested.
- Therefore, discretion must be applied within every situation to accurately implement the acceptable abbreviation or comprehend the abbreviation you are reviewing.
- However, it can lead to confusion, particularly in financial contexts.
Let us convert the data into a notation of millions for a clear and concise representation. Outside of finance and accounting, it is common to find the value of a thousand abbreviated as (K), the value of a million abbreviated as (M), and the value of a billion abbreviated as (B). Yet, often in finance and accounting, we find that this abbreviation deviates from the cultural norm that permeates most industries.
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. Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years.
Convert mm to m
Review a few examples of sentences that feature common abbreviations for billion. 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.
List & Abbreviations for Months: List of Months and Abbreviations
This practice was across the board – exam reports, internal reporting, and so on. 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 for thousands instead of M. For example, within financial statements, the industry-standard abbreviation is M for a thousand, while in everyday life, the abbreviation of K for a thousand is usually the acceptable one. Therefore, discretion must be applied within every situation to accurately implement the acceptable abbreviation or comprehend the abbreviation you are reviewing.
Megabits to Megabytes: MB to Mb & Mbps to MBps Conversions and Meaning
The Roman numerals MM are 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. Please provide values below to convert meter [m] to millimeter [mm], or vice versa. We also have a million to thousand converter, which can surely come in handy for millions conversions.
While the letter “k” is the most common abbreviation, there are a few different ways to abbreviate thousand. Please provide values below to convert millimeter [mm] to meter [m], or vice versa. However, it can lead to confusion, particularly in financial contexts. Thus, it is essential to understand the context of using and clarify https://turbo-tax.org/ any potential misunderstandings to avoid confusion. 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). Territory includes Washington, Oregon, Montana, Idaho, Hawaii, Alaska, California, and Utah.
One thing to consider is that when writing about large amounts of money, the words “million” or “billion” are often left out altogether, as are superfluous zeroes. 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. “mm” is often left uncapitalized (though there are no specific rules that state which way it should be written). It is Latin for multiplying one “thousand” by itself to create the “million” number. “MM” is an old-fashioned abbreviation, but it still sees some usage today.
By placing the first occurrence of a given symbol (abbreviation) in each article or presentation within parentheses you remove all doubt about what you mean. I have had the same dilemma and come to the conclusion that using mm million k for thousands and MM for millions is a reasonable and pragmatic thing to do. Because we have multiple options to choose from when selecting an abbreviation, it is important to use context to make the proper selection.
However, our abbreviations are a concoction of multiple cultural legacies ranging from Rome, Greece, India, China, and Arabia. 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. Regardless of why you are trying to abbreviate the word “million,” you have come to the right place.
Common Abbreviations for Thousand
You might come across “mm” in scientific or engineering fields, where different values are required, and they can reach well into the millions as a unit. You might not put a lot of thought into your abbreviations, and that’s okay. However, there are official abbreviations out there that you might come across, and it would help to know about them.
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. “M” is the official abbreviation used whenever a million units of something are requested. Our online tools will provide quick answers to your calculation and conversion needs. On this page, you can convert numbers between million and billion. So, now, after gathering all the knowledge about converting a number to millions or vice versa, let’s consider a practical example.