M vs MM What Is The Correct Abbreviation for “Million”?
This abbreviation is more commonly used in European banking contexts than in the United States. “MM” is an old-fashioned abbreviation, but it still sees some usage today. You might come across “mm” in scientific or engineering how to convert cash basis to accrual basis accounting 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.
Don’t Abbreviate the Word Million
It gives you extra practice with difficult words—and reminds you when it’s time to review what you’ve learned. When it comes to abbreviating “million,” the most common error involves inconsistency. Inconsistency is a problem that creeps into the writing when the context of the abbreviation changes, the audience differs, or the need for the consistency slackens. “M” is one of the simplest abbreviations for million, making it a convenient choice for use in everyday communication, especially online, where space and time are in demand. Including a million in an Instagram caption or Twitter post that can only contain a limited number of words saves space.
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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.
The Abbreviation for Pages: What Is It and How Is It Used?
- It is Latin for multiplying one “thousand” by itself to create the “million” number.
- As in many languages, the basic tools you need to read large numbers in English are the numbers from 1 to 100.
- Typically, the abbreviation is used right after a number without a space.
- He is also an online editor and writer based out of Los Angeles, CA.
Ultimately, as there are many different ways to abbreviate the word million, you should stick to writing out the full word. Swipe left https://www.online-accounting.net/ or right to see more examples for the word you’re learning. Pretend that you’re sitting at a news desk and read the articles aloud.
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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. 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. It’s then up to the reader to note the context, with the document stating the place value once at the beginning and not again. When plural, as in “millions,” it refers to multiples of 1,000,000.
The word “million” is not a commonly abbreviated word, but its abbreviations still have their place. 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. Review a few examples of sentences that feature common abbreviations for billion. Review a few examples of sentences that feature common abbreviations for million. “M” is the most common abbreviation for “million.” If you’re going to abbreviate “million,” it would usually turn into this form.
I generally use $___MM, which was, and still is, often used by accountants and economists. Before “K” was adopted as the colloquial way of writing a thousand (i.e. $35k to mean $35,000), it was common to use “M” instead; “M” being the Roman Numeral for 1,000. As a result, “M” simply became shorthand for adding three zeros and thus “MM” became the shorthand for adding six zeros.
Generally, the abbreviation with two M’s is preferred in finance. As stated above, MM is generally used in business to represent 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. If you must abbreviate the word million, there are a plethora of options to choose from. The word million, while it can be abbreviated, can cause confusion if not understood correctly.
There are several ways to abbreviate the word and no universally accepted convention for doing so. This article aims to address the issue of how to abbreviate million and provide guidance on how to consistently use the right abbreviation. Abbreviating a million is common, especially in the financial context. Accountants and other businesspeople will use m instead of writing all six zeros. Here at career 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.
You’ll find that it’s mainly used in the energy sector, but it otherwise doesn’t get recognized. Regardless of why you are trying to abbreviate the word “million,” you have come to the right place. In this article, we will teach https://www.online-accounting.net/balance-sheet-template-for-your-business/ you how to abbreviate the word and how to use the abbreviation for “million.” Let’s first understand what million means. You can use any of the above abbreviations for thousand options when referring to thousands in writing.
Proofreading your documents can help you catch mistakes, including inconsistencies or errors related to the abbreviation. This way, the document does not fall prey to confusion or create misunderstandings. When choosing an abbreviation, it’s essential to consider the context. Using “mn” could cause confusion outside of Europe, and “MM” may not be understood in certain contexts. For instance, in technical writing, you may prefer to use “M” instead of “MM” as symbols and their use may depend on the field you are in. Both upper and lowercase M would be the correct abbreviation.