I generally use $___MM, which was, and still is, often used by accountants and economists. 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. https://www.bookstime.com/ As a result, “M” simply became shorthand for adding three zeros and thus “MM” became the shorthand for adding six zeros. As stated above, MM is generally used in business to represent millions since the letter M by itself has historically meant 1,000.
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The word “million” is not a commonly abbreviated word, but its abbreviations still have their place. An abbreviation for million is most often seen in financial documents and paperwork. Swap the word “million” for “mil” or “mm” to avoid redundant language but to still be specific in how large numbers you’re working with.
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When plural, as in “millions,” it refers to multiples of 1,000,000. The word “million” is most often used in reference to money, but is also frequently used in exaggeration. what does mm mean 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.
what is the correct abbreviation for millions, billions and trillions in a financial context?
“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.
- Our goal is to create English lessons that are easy to understand for everyone.
- The problem with M is that depending on the audience it can mean either thousands or millions.
- When it comes to abbreviating “million,” the most common error involves inconsistency.
- Readers who are unaware of the denomination might misinterpret the data.
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He is also an online editor and writer based out of Los Angeles, CA. Proofread your work thoroughly, focusing primarily on the use of abbreviations. Ensure that the context of the abbreviation is clear and that the abbreviation is suitable for that context. Let’s take a more in-depth look at how the use of abbreviations has changed over time and varies across different countries and industries.
- Some organizations may use “M” while others prefer “MM.” The most common abbreviation in business settings is “MM” [2].
- 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.
- Before sending out your resume, upload it to the tool below to ensure your sections, abbreviations, and bullet points are correctly identified.
- Words such as a million, referring to numbers, are only abbreviated in circumstances where the reader is aware of the full meaning.
- It would be bad form to mix K and MM because they are two different systems of notation.
- 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”).
- As a result, “M” simply became shorthand for adding three zeros and thus “MM” became the shorthand for adding six zeros.
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 finance and accounting, MM (or lowercase “mm”) commonly denotes that the units of figures presented are in millions. In this context, MM is the same as writing “M multiplied by M,” which is equal to “1,000 times 1,000,” which equals 1,000,000 (one million). 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.
Examples of the Word in Context
Abbreviation for Million (finance, science, and dollars)
- There are other variations that you may come across, such as “mil” or “mio” (short for million) but they are not recommended for formal writing in English.
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- Now that you know several large number abbreviations, you have access to several options you can use in your reports or other forms of writing.
- Ensure that the context of the abbreviation is clear and that the abbreviation is suitable for that context.
- Writers should avoid using “M” in technical texts or research articles and stick to the proper abbreviation prescribed by the authorized body, where necessary.
- Financial and accounting statements historically used a different approach to abbreviating thousand and million.