MM Millions Definition, Examples, What MM Means

Unfortunately, this practice can occasionally cause confusion within the financial industry as multiple numerical abbreviations are used interchangeably within society. 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.

“M” vs. “MM” – What Is The Correct Abbreviation for “Million”?

• Prior to accepting a position as the Director of Operations Strategy at DJO Global, Manu was a management consultant with McKinsey & Company in Houston.
• Our goal is to create English lessons that are easy to understand for everyone.
• We don’t know for sure why the Romans used letters or why they chose the letters they did.
• He is the sole author of all the materials on AccountingCoach.com.

For example, a thousand is often abbreviated as (M), a million is abbreviated as (MM), and a billion is abbreviated as (BN) or (MMM). Rather than use the barred M, however, accounting went with MM as an abbreviation for a million. For example, 1MM equals 1 million, $34MM equals $34 million and so on. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.

Can you solve 4 words at once?

• 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 goal of abbreviating large numerical values is to create financial statements that appear to be more simple and concise.
• When an analyst must present various different types of units, it is recommended to add a “units” column so that each item contains a label for easy reference.
• That said, if your organization uses M and it doesn’t cause confusion, you are free to use M to abbreviate one million.
• For example, an annual salary of $60,000 might appear as $60k instead of $60M.

As stated above, MM is generally used in business to represent millions since the letter M by itself has historically meant 1,000. That said, if your organization uses M and it doesn’t cause confusion, you are free to use M to abbreviate one million. Regardless of why you are trying to abbreviate the word “million,” you have come to the right place.

• An abbreviation for million is most often seen in financial documents and paperwork.
• Roman numerals are often used in accounting to help abbreviate and designate numbers.
• 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).
• As stated above, MM is generally used in business to represent millions since the letter M by itself has historically meant 1,000.

Word History

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. Unlock your potential and accelerate your career with sought-after management and leadership skills. “Mm” is a simple way to say “Yes” or “I agree” within a text message—but this abbreviation may be a little confusing at first glance if you’ve never seen it before. We’ll go over everything there is to know about this slang term, so you can easily interpret it in your future text convos.

A. You’ve identified two commonly used conventions in finance, one derived from Greek and the other from Latin, but neither one is standard. “M” is the only acceptable abbreviation to use what does mm mean for “million” in UK English. 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”).

Visit the CMOS Bookstore

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. “mm” (which is usually kept in https://www.bookstime.com/ the lower case) is an old-fashioned abbreviation that doesn’t see much common usage. You’ll find that it’s mainly used in the energy sector, but it otherwise doesn’t get recognized.

Scrabble Words Without Any Vowels