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In this example, we intentionally chose a piece of what is mm that contained various different units, such as dollars and shares. 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. If the company sells 26,000 units, the accountant can record that as 26M units. If net income runs to $6,500,000, it goes on the books as $6.5MM.

  • For example, millions of people got affected due to a downfall in the economy.
  • For the Romans, the god of wine would be Bacchus, and for the Greeks, it would be Dionysus.
  • But due to confusion between M and MM, now the alternative notations are used for representing thousands and millions.
  • The least ambiguous approach is to simply write them out in words, such as “$ thousands.” This is CFI’s recommended method, to avoid any potential confusion.

K comes from the Greek word kilo which means a thousand. The Greeks would likewise show million as M, short for Mega. So if we stay consistent with the Greek abbreviations, then billion would be shown as a letter G . Think of your computer expressing bytes of memory as kilobyte, megabyte, or gigabyte. However, when it comes to billion, we don’t really see G or MMM as the abbreviation for billion.

Using the MM Abbreviation

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. Western civilization has had two powerful influences — the traditions of the Greeks and the Romans, and there is often conflict. The Greeks would refer to the god of the sea as Poseidon, whereas the Romans would call him Neptune. For the Romans, the god of wine would be Bacchus, and for the Greeks, it would be Dionysus. These differences carry themselves into many parts of our culture, including financial analysis. Bring vs. Take Both words imply motion, but the difference may b…

  • 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.
  • At Old Republic Surety we seek to deliver you transparency and clarity in our communications.
  • For more than one individual to masturbate whilst in the company of another/others doing the same.
  • Mil spelled out is the only measurement that uses an inch.
  • Within finance and accounting, we often find something quite different.

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. It’s tough to remember these when they’re are all so similar. Think of the suffixes for mm and ml — meter and liter.

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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. A millimeter is a small unit of displacement (length/distance) in the metric system. The Latin numeral MM is frequently used to designate that the units used in presenting information (financial and non-financial) are in millions.