Million Abbreviation: How to Abbreviate Million

However, there are official abbreviations out there that you might come across, and it would help to know about them. We’ll explain the correct abbreviation for “million” in this article. 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 mm for million one. Therefore, discretion must be applied within every situation to accurately implement the acceptable abbreviation or comprehend the abbreviation you are reviewing. 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).

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. To go even further, one billion would be represented as $1MMM or one-thousand million dollars. At Old Republic Surety we seek to deliver you transparency and clarity in our communications. If you see an abbreviation that is confusing or unclear, please reach out to your local underwriter or branch for clarification, even if you are just asking for a friend.

Example of MM in financial statements

That being said, it really messes up your reading comprehension on financial headlines as everything looks like small potatoes. $MM simply because I am used to it now in my current company. When I first left college, I was shocked and appalled at some numbers I was reviewing in a pitch book since I perceived $M as millions. The standard unit of measure is dollars per million BTU’s (mmBtu). And yet, there are times when a location changes its toponym or has more than one.

The word “million” is most often used in reference to money, but is also frequently used in exaggeration. 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. The correct abbreviation for “million” in the UK is only M.

Using Accents and Diacritics in English

The Hindu – Arabic numeral system is what we have used ever since. This numerical system has the digits 0, 1, 2, 3, 4, 5, 6, 7, 8, 9. It was first created in India, and from there, it progressively spread to Arabia and China. While the concept can seem confusing at first, it helps if you can understand that M is supposed to equal 1,000.

The word comes from the early Italian word millione (milione in modern Italian), which means “thousand,” as well as the augmentative suffix -one. We are on a mission to help you become better at English. Our goal is to create English lessons that are easy to understand for everyone. “M” is the official abbreviation used whenever a million units of something are requested. Because we have multiple options to choose from when selecting an abbreviation, it is important to use context to make the proper selection. Often, a thousand is still abbreviated as K instead of M in contemporary society.

Examples of Abbreviating Millions

We should credit the Romans for this if we wanted to denote millions. 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. The numerical transformation post 13th century in Europe is largely credited to Leonardo of Pisa, also known as Fibonacci.

There are a few different ways to abbreviate billion, most are similar to the million abbreviations. If K and MM are used, it’s bad style because the symbols are being mixed up. But if M and MM are used, non-experts might not even be aware that M is a symbol for thousands and get confused. It seems like that the safest choice to ensure comprehension is to use K and MM, but something about mixing the symbols just doesn’t seem right to me. For example, in a document that requires the use of symbols because of limited space in a table, I see “500K-1MM” to stand for “500,000-1,000,000”. This document is written for a general professional audience.

How Does MM (Million) Differ from Other Numerical Expressions?

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.