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. Those rates are expressed per thousand and the MM denotes millions. Likewise, we may quote you a single and aggregate contractor line of authority. That line may be expressed, for instance, as $5MM single and $15MM aggregate. I know I have seen jobs posted that pay $50K, and K is meant to stand in for a thousand.
If we wanted to denote millions, we would show that as MM. For this, we should credit the Romans. M is the Roman numeral for thousand and MM is meant to convey one thousand-thousand — or million. To take it further; one billion would be shown as $1MMM or one-thousand million.
I’m an engineer, so don’t get me started on “m” and “mm”… “mil” in scientific notation means a millionth of an inch, so I would avoid this as well. 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. Abbreviating one million dollars is done using the above abbreviations. Generally, the abbreviation with two M’s is preferred in finance.
Why abbreviate million, billion and thousand instead of spelling it out?
For example, I asked Google for guidance on how to what does mm mean millionhere. As you can see, that got me pages full of conflicting search results. The meaning of the word “million” is common to the short scale and long scale numbering systems, unlike the larger numbers, which have different names in the two systems. If we’re talking Roman numerals, MM would be 2000, just like XX is not 100.
Earnings Per ShareEarnings Per Share is a key financial metric that investors use to assess a company’s performance and profitability before investing. It is calculated by dividing total earnings or total net income by the total number of outstanding shares. The higher the earnings per share , the more profitable the company is. Territory includes Washington, Oregon, Montana, Idaho, Hawaii, Alaska, California, and Utah. Darrel has over 30 years of proven success and is skilled in developing relationships with internal and external stakeholders to drive superior business results.
Million Abbreviation: How to Abbreviate Million
The best way to abbreviate millions on a resume is “MM.” It’s clear and easy to understand, which is the key to successfully abbreviating numbers. You can also use “M.” This has historically been used to mean thousand, but is rarely used that way anymore, so it’s unlikely to cause confusion. 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. You may also find it helpful to review measurement abbreviations for common units. Expand your ability to communicate about quantities and amounts by getting to know various names and expressions for large numbers. We’ve interviewed 50+ hiring managers and past career changers to find out how you can be more successful in your job search.
So even spelling the word out won’t eliminate all ambiguity. Honestly I think global unity is very unlikely. We can’t even agree on what a billion is numerically let alone abbreviated. (see attached regarding the long system vs the short system.) And before everyone gets upset just remember these numbers existed well before the war of independence. I’m glad my post (including all the wonderful comments!) was helpful.
Outside Examples of Million
That said, if your organization uses M and it doesn’t cause confusion, you are free to use M to abbreviate one million. 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 . INVESTMENT BANKING RESOURCESLearn the foundation of Investment banking, financial modeling, valuations and more. If the company sells 26,000 units, the accountant can record that as 26M units.