Abbreviation for Million finance, science, and dollars

Sometimes it, if my memory doesn’t deceive me, is used in lower case. If the writer is going to use it, he should explain it first, unless he knows for certain that the audience he is writing for would understand it. We don’t use Roman numerals for thousands, why should we do so for millions? The right way is obviously using metric prefixes, so 1k$, 1M$ and 1G$.

• Within finance and accounting, we often find something quite different.
• These financial statements usually run into the hundreds of millions or billions for publicly traded companies.
• There are a few different ways to abbreviate billion, most are similar to the million abbreviations.

I work in the reinsurance industry, and it is very commonplace to see MM written to mean million and M to mean thousand, when writing of money. Symbols are used in mathematics and we therefore apply the universal rules of mathematics when using them. A symbol is an image, character, letter, or combination of same wholly used to represent something else. My above ranting post contains more details between the differences. M is one of the standard prefixes in the SI system of units. It is used in many contexts and is familiar in specialist and lay contexts. Unfortunately, the “International System of Units”, or “SI” has nothing to do with this thread and doesn’t apply to my post—nor will anyone find an answer to the original question therein.

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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. Angel number 1155 speaks of the ability to follow your intuition and heart in search of new opportunities and directions in life. The angel number speaks what is mm to the role of other people in holding you back from following your decisions. $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.

Nonetheless, Jstanek’s and Pac74’s posts remain the best simple answers to the original question–that’s just my opinion, of course. In closing, while “M” may be commonly used to abbreviate 1,000,000 in informal writing, it’s somewhat improper and confusing because it is actually the Roman Numeral for 1,000. Back to the SI, there are strict guidelines regarding acceptable format. They DO NOT use “abbreviations”; they use “symbols”—and are very clear on this.

What Is the Abbreviation of Ounce?

The number for barrels of oil per day can refer to anything from a global amount produced to a single production field so the numbers can vary wildly. I didn’t question the use of MM to mean million, M to mean thousand, in the finance industry. I simply pointed out that in other contexts the symbol M represents a million. On the basis of your statement, 99% of all English speaking … Etc are at odds with the SI international system of units and abbreviations. Personally I hate that notation and use capital M whenever given the opportunity. I feel like it used to show superiority or present another barrier to people outside of finance looking in.

Mil spelled out is the only measurement that uses an inch. Physical quantities can also be expressed using the SI prefix mega , when dealing with SI units; for example, 1 megawatt equals 1,000,000 watts.

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There are several right answers to the question. There seems to be no authority on this, and I can see the case for each. Yes, you can spell it out, but there sometimes isn’t room, especially in tables. I will say though, in the vast majority of cases, the context makes it clear that you’re talking about millions. So it’s not for lack of clarity, I just want to know if there is a definitive answer for this. She is writing a report that discusses how many bln.

• I’m not sure why people keep drawing comparisons to the SI system because it has absolutely nothing to do with this thread.
• Other than this thread, I can’t say that I’ve ever seen ‘MM’ used for ‘million’.
• We’ve done everything we can, but there doesn’t seem to be a way to sort this out.What can I get for the £10M I have here?
• A symbol is an image, character, letter, or combination of same wholly used to represent something else.

Crude oil reserves are measured in barrels and natural gas is measured in cubic feet . Converting these reserves to a barrel of oil equivalent, or BOE, gives a total energy content in a single unit.

Bbl, BOE, BTU, Mcf and Other Common Oil and Gas Abbreviations

While the letter “k” is the most common abbreviation, there are a few different ways to abbreviate thousand. Living in the U.S., I’m inclined to regard m as a thousand and mm as a million, and to treat m and M as the same . And after reading this post, I think your advice to avoid abbreviating million is worth taking. I’ve worked in banking, PE and now for a large pharma. CIMs, presentations, we ALWAYS abbreviate million and billion. Honestly I think global unity is very unlikely.

Not quite, but I see it a lot in an industry that probably uses the abbreviation more than just about any other. The word “million” is not a commonly https://www.bookstime.com/ abbreviated word, but its abbreviations still have their place. An abbreviation for million is most often seen in financial documents and paperwork.

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. Beyond that, if you have a young HR professional doing the first review of your resume, they might not understand it all. Donna Svei, an executive resume writer and former C-level executive, retained search consultant, and CPA, authors all of AvidCareerist’s posts. When they see $1M, many readers have no idea if the writer means $1,000 or $1 million. That’s a considerable difference ($999,000, to be exact).

Was wrong in saying that my explanation, or the use of “mm” to represent “million”, somehow doesn’t jive with the SI system. The SI system has nothing to do with the subject and contains no information responsive to the original post. I have merely cited it to disprove those who feel that ‘mm’ is not acceptable abbreviation because it’s not contained in the SI. It’s not contained in the SI because the SI does not regulate the simple abbreviations of words in any language. They do NOT use abbreviations, which are entirely different than symbols.