I don’t know how the abbreviations would work in French or Dutch, two languages which were dominant in finance for centuries. I’m not a financial professional, but definitely have the need to represent numbers in the thousands, millions, and billions in professional contexts. I use k, MM, and B respectively, bookkeeping and I clearly picked that up from somewhere. Converting meters to millimeters is a straightforward process that involves multiplying the given measurement by a conversion factor. Since there are 1,000 millimeters in one meter, the conversion factor is 1,000.

• In contrast, $1MM can be particularly common in corporate America, especially among finance professionals and accountants who may prefer the clarity provided by the Roman numeral representation.
• You may come across millimeters when measuring the size of electronic components, jewelry or even the thickness of a fingernail.
• However, it’s worth noting that “MM” is also commonly used in investment banking, especially in large-scale financial transactions and deals involving millions of dollars or euros.
• Likewise, we may quote you a single and aggregate contractor line of authority.
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How To Abbreviate Million, Billion and Thousands on a Resume

Use this converter to easily convert between Meters and Millimeters (m to mm). For quick reference purposes, below is a conversion table that you can use to convert from m to mm. In financial is million m or mm operations – where every zero in a number is crucial – abbreviating large figures helps reduce potential errors when handling complex calculations and transactions.

How to Write $1 Million in Short Form

M1, M2 and M3 are measurements of the United States money supply, known as the money aggregates. M1 includes money in circulation Online Bookkeeping plus checkable deposits in banks. M2 includes M1 plus savings deposits (less than $100,000) and money market mutual funds.

• Scientific notation represents numbers in powers of ten, so that 650 billion can be written as 650 × 109 or as 6.5 × 1011.
• K comes from the Greek world “kilo” which means one thousand and is used in metric / decimal systems.
• You shouldn’t use abbreviations in academic or official writing.
• Until the 1970s, when the United Kingdom officially adopted the American definition of billion, this word represented 1012 in British English.
• When two Ms are together (MM), it indicates 2,000 when using this methodology for expressing numbers.
• But if M and MM are used, non-experts might not even be aware that M is a symbol for thousands and get confused.
• In various aspects of finance such as budgeting, financial analysis, reporting, and forecasting, the use of MM aids in ensuring accuracy and precision.

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• Both approaches are allowed under standard accounting rules.
• In Googling the term I do see where M and MM are used by some financial institutions but it seems to be somewhat archaic.
• 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).
• Our conversions provide a quick and easy way to convert between Length or Distance units.
• As one discovers from the many variant opinions this topic generates significant misunderstanding.
• However, our abbreviations are a concoction of multiple cultural legacies ranging from Rome, Greece, India, China, and Arabia.

Although different accountants have adopted Roman and Greek traditions (or transitioned to modern abbreviations), context is what unlocks the knowledge needed to understand the term. The same principle applies to millions and billions when dealing with financing and accounting terms. 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. This practice was across the board – exam reports, internal reporting, and so on.

When two Ms are together (MM), it indicates 2,000 when using this methodology for expressing numbers. In modern accounting, MM is meant to represent one million. To avoid confusion, the term $1MM is often used to designate a million, while the generic “MM” represents 2,000. Traditionally, M is used as the symbol for thousands and MM for millions in the business world, particularly in accounting.