Unfortunately, there isn’t a consistent approach to labeling units. 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. In this example, we intentionally chose a piece of analysis 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. The Latin numeral MM is frequently used to designate that the units used in presenting information (financial and non-financial) are in millions. The example below shows how figures can be portrayed in millions.
Million Abbreviation: How to Abbreviate Million (MM, M, mm, or m)?
Using uppercase (“MM”) or lowercase (“mm”) are both fine, as long as you’re consistent. Uppercase abbreviations are standard in the United States, while lowercase abbreviations are more common in some countries overseas, so keep that in mind when choosing which to use. So, “10,000,000” could become “10MM” or “10M.” “10 million” is also acceptable, but don’t use “10mill,” which is overly informal — stick to the more common abbreviations. Both upper and lowercase M would be the correct abbreviation. Because the capital letter M is the Roman numeral for a thousand, you may want to use the lowercase letter to avoid confusion.
It comes from middle english “milioun”, from middle french “milion” and from early italian “millione”. The meaning of the word “million” is common to the short scale and long scale numbering systems, unlike the larger numbers, which have different names in the two systems. If you’re looking to avoid the word million altogether, you won’t have much luck.
Some examples of million abbreviations used by the press:
Review a few examples of sentences that feature common abbreviations for billion. Review a few examples of sentences that feature common abbreviations for million. When plural, as in “millions,” it refers to multiples of 1,000,000. In its simplest terms, a million is “one thousand thousand”. 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.
- He is also an online editor and writer based out of Los Angeles, CA.
- You can also use “M.” This has historically been used to mean thousand, but is rarely used that way anymore, so it’s unlikely to cause confusion.
- 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.
An abbreviation for million is most often seen in financial documents and paperwork. Swap the word “million” for “mil” or “mm” to avoid redundant language but to still be specific in how large numbers you’re working with. Other numbers, such as “thousand,” have more interesting abbreviations, such as “k.” The three letters “mil” are very clearly defined as mbeaning million, so you shouldn’t run into any issues. In finance and accounting, MM (or lowercase “mm”) denotes that the units of figures presented are in millions.
Abbreviation for million
Frequently, in finance and accounting settings now, an analyst will use k to denote thousands and a capitalized M to denote millions. While the letter “k” is the most common abbreviation, there are a few different ways to abbreviate thousand. Whether the topic is significant sums of money or a massive quantity of something, it’s common to use abbreviations when writing out large numbers in text. There are a few different ways to abbreviate large numbers.
- Financial and accounting statements historically used a different approach to abbreviating thousand and million.
- At Old Republic Surety we seek to deliver transparency and clarity in our communications.
- If you’re looking to avoid the word million altogether, you won’t have much luck.
- In this case, “79 Ma” means only a quantity of 79 million years, without the meaning of “79 million years ago”.
Wondering how to abbreviate million, billion, and thousand on a resume? Read this complete guide on when and how to use common resume abbreviations. I’ve also seen a lot of CFO’s try to force staff to standardize suffixes, only to give up because people bring their preferences with them. Let’s say you’re talking about sales growth of $1 million. If you use $1M, some of your readers might think sales grew $1,000 instead of $1 million.
You can also use the abbreviation “mil” in casual conversation. You might hear something along the lines of “He dropped a couple mil on a new car,” or perhaps “How many mils is that house? ” This abbreviation works for both spoken and written dialogue, and is easily recognizable. For example, abbreviations may be used when taking notes, documenting numerical entries in accounting documents, or communication with others in a work environment such as an email or memo conveying important numbers. Territory includes Washington, Oregon, Montana, Idaho, Hawaii, Alaska, California, and Utah. Darrel has over 30 years of proven success and is skilled in developing relationships with internal and external stakeholders to drive superior business results.
How to Abbreviate Million on Your Resume
A million is equivalent to the product of a thousand times a thousand. One million can be written as the number one followed by six zeros—1,000,000. You can use any of the above abbreviations for thousand options when referring to thousands in writing.
You go from being a hero to an underperformer without knowing it. 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). Kevin Miller is a growth marketer with an extensive background in Search Engine Optimization, paid acquisition and email marketing. He is also an online editor and writer based out of Los Angeles, CA. He studied at Georgetown University, worked at Google and became infatuated with English Grammar and for years has been diving into the language, demystifying the do’s and don’ts for all who share the same passion!
Typically, the abbreviation is used right after a number without a space. I’ve worked in and around global finance for over many years and have served on formal audit committees for both private and public companies in the US, Europe, Asia and Australia. During that time I’ve seen financial statements from maybe 1000+ different companies and individuals. When business people read reports and recruiters read resumes, it’s common to see this — $1M. Abbreviating a million is common, especially in the financial context. Accountants and other businesspeople will use m instead of writing all six zeros.
Abbreviation for Million and Thousand: K & MM Meaning
Regardless of why you are trying to abbreviate the word “million,” you have come to the right place. In this article, we will teach you how to abbreviate the word and how to use the abbreviation for “million.” Let’s first understand what million means. At Old Republic Surety we seek to deliver transparency and clarity in our communications. 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. If you would like to learn more about Old Republic Surety and some of our services like Commercial Surety Bonds, Contract Bonds, or just want more information, don’t hesitate to contact us today.
Are you looking for the abbreviation of the word million? Here, we’ll study the word million and explore its meaning, origin, and synonyms. Plus, we’ll abbreviate the word and provide examples where you can use the abbreviation instead of the whole word. If you’re confused about the letter designations that stand for thousands and millions, you’re not alone. In fact, it’s one of our most frequently asked questions.
Abbreviating one million dollars is done using the above abbreviations. Generally, the abbreviation with two M’s is preferred in finance. As stated above, MM is generally used in business to represent abbreviation of million 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.
Examples of the Word in Context
You shouldn’t use abbreviations in academic or official writing. Use abbreviations in informal scenarios like notes and unimportant communication where context exists. Myr (million years) is in common use in fields such as Earth science and cosmology. Together they make a reference system, one to a quantity, the other to a particular place in a year numbering system that is time before the present. The use of two m’s to denote millions is becoming less common.
The most important thing to remember when using abbreviations on your resume is consistency. Always use “K” to abbreviate thousands — never “M,” which is archaic and likely to cause confusion. Unlike “million” and “billion,” avoid spelling out “thousand” — instead, use the whole figure.
Now that you know several large number abbreviations, you have access to several options you can use in your reports or other forms of writing. You may also find it helpful to review measurement abbreviations for common units. Expand your ability to communicate about quantities and amounts by getting to know various names and expressions for large numbers. 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.
Similarly, the best way to abbreviate billions on a resume is “B.” You can spell out “billion,” but don’t use “BB” — the double letter is only used in millions to avoid confusion. The best (and most common) way to abbreviate millions on a resume is “MM.” It’s clear and easy to understand, which is the key to successfully abbreviating numbers. Donna Svei, an executive resume writer and former C-level executive, retained search consultant, and CPA, authors all of AvidCareerist’s posts. Again, if you’re desperate for space, use $1K for $1,000. If they don’t, they can Google it and get a straight answer (I checked).