abbreviations Mixing use of K for thousands and MM for millions English Language & Usage Stack Exchange

“MM” is an old-fashioned abbreviation, but it still sees some usage today. 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 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. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. The growth stock still might appeal mostly to investors who don’t mind taking on higher risk.

The WHO said the effectiveness of the two vaccines was “very similar” and there was no evidence one was better than the other. It is almost two years to the day since the first vaccine – called RTS,S and developed by GSK – was backed by the WHO. That makes it hard to build up immunity naturally through catching malaria, and difficult to develop a vaccine against it. In metric terms, ‘M’ is short for ‘Mega’ which equates to ‘million’. But ‘M’ is also the Roman numeral for ‘thousand’, and has been used in the past as the standard abbreviation (hence the ‘MM’ as an abbreviation for ‘million’).

M is the most popular abbreviation

See our tax calculator to find out how much you will owe if you win the jackpot. It’s also common to see K used for 1,000 and B for a billion. To avoid confusion, use any and all abbreviations consistently throughout all your financial records.

“M” is the most common abbreviation for “million.” If you’re going to abbreviate “million,” it would usually turn into this form. It makes the most sense considering that “million” starts with the letter “M.” Most abbreviations follow this standard practice. Founded in 1993, The Motley Fool is a financial services company dedicated what does mm mean to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. The most common abbreviations for million are, M; m; MM; Mill.

What is the correct abbreviation for Million?

The vaccine has been developed by the University of Oxford and is only the second malaria vaccine to be developed. The ratio now is down to 1.5 to 1, following an increase of workers classified as unemployed in August. This followed earlier results from the same trial reporting 1 year efficacy of 77%. The Phase III trial results are under peer review before publication. 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 WSO investment banking interview course is designed by countless professionals with real world experience, tailored to people aspiring to break into the industry.

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. American students of color are more likely to take out student loans and struggle to make repayments at higher rates than white people, according to research released in 2020. It’s a status quo that perpetuates a “vicious cycle” of economic inequality along racial lines, according to the report by the Student Borrower Protection Center, a consumer advocacy group. In the wake of the Biden administration’s loss at the Supreme Court, the president pledged to pursue other ways to tackle student debt, including invoking the Higher Education Act of 1965.

Some examples of million abbreviations used by the press:

When it comes to abbreviating million in financial documents and presentations, it is a matter of preference. Each firm will have a different preference and you should abide by what your firm’s rule is. If you are working on a project independently you should simply pick one format and stick with it as consistency is what matters. At Old Republic Surety we seek to deliver you transparency and clarity in our communications. I have had the same dilemma and come to the conclusion that using k for thousands and MM for millions is a reasonable and pragmatic thing to do.

Both approaches are allowed under standard accounting rules. What matters is that readers look at the figures and understand the amounts. However, it’s fairly uncommon for “Million” to be https://www.bookstime.com/ abbreviated outside of scientific circles. Most native speakers wouldn’t care much about “million” as an abbreviation because they won’t often come across the number in their daily lives.

Example of MM in Financial Statements

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