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. That being said, I think the most appropriate usage is using one alpha symbol consistently so that would lead to using K, M and B. Career Employer is the ultimate resource to help you get started working the job of your dreams. We cover topics from general career Information, career searching, exam preparation with free study materials, career interviewing and becoming successful in your career of choice. It comes from middle english “milioun”, from middle french “milion” and from early italian “millione”.
How Do You Abbreviate Million Dollars?
- Now that we’ve covered the essential abbreviations and how to use them let’s discuss how to maintain consistency when using them.
- Proofreading can uncover discrepancies and other issues that would undermine the accuracy and quality of work.
- Kevin Miller is a growth marketer with an extensive background in Search Engine Optimization, paid acquisition and email marketing.
- “M” can confuse some performers as it might overlap with the slope of the word it is appended to and present a clash in formatting.
This way, the document does not fall prey to confusion or create misunderstandings. “M” is the only acceptable abbreviation to use for “million” in UK English. https://www.bookkeeping-reviews.com/ 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”).
Mastering Million: Tips for Consistent Abbreviation
It seems like that the safest choice to ensure comprehension is to use K and MM, but something about mixing the symbols just doesn’t seem right to me. For example, in a document that requires the use of symbols https://www.bookkeeping-reviews.com/xero-community-13/ because of limited space in a table, I see “500K-1MM” to stand for “500,000-1,000,000”. Traditionally, M is used as the symbol for thousands and MM for millions in the business world, particularly in accounting.
What Is the Abbreviation for Million?
When plural, as in “millions,” it refers to multiples of 1,000,000. The word “million” is most often used in reference to money, but is also frequently used in exaggeration. The word “million” can be paired with the suffix “-aire” to form the word millionaire which indicates an individual with a million or more dollars. Here at career cash flows from investing activities employer, we focus a lot on providing factually accurate information that is always up to date. We strive to provide correct information using strict editorial processes, article editing and fact checking for all of the information found on our website. To find out more, make sure to read our full editorial process page here.
Different Abbreviations for Thousand, Million & Billion
In the general environment of municipal government, for dollars we use K for thousands, M for millions and B for billions. This practice was across the board – exam reports, internal reporting, and so on. With that understanding, it is best to simply avoid using abbreviations for the word million. “M” can mean “thousand” or “billion,” and it is essential to clarify what “M” implies or use “MM” when referring to a million.
In this example, “MM” is inappropriate because it’s not a widely accepted practice, but it was included. Readers who are unaware of the denomination might misinterpret the data. I have seen million, billion, and trillion abbreviated as M, B, and T respectively.
You might not put a lot of thought into your abbreviations, and that’s okay. However, there are official abbreviations out there that you might come across, and it would help to know about them. We’ll explain the correct abbreviation for “million” in this article. As a general rule, abbreviations are not used in academic or other official writing; the word should always be fully written out. Words such as a million, referring to numbers, are only abbreviated in circumstances where the reader is aware of the full meaning.
