The “MM” is just stylistics and is not meant to be “doubled.” Therefore, “10 MM USD” is simply US$10 million, or US$10,000,000. Wealthier individuals and households would reach to the millions. “M” is the official abbreviation used whenever a million units of something are requested. I’ve found answers on the web but also got conflicting answers from financial professionals (coworkers).
How much is 10 MM dollars?
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What Does “MM” Stand for in Dollars?
M means a thousand, so MM is the sum if you multiply M by M, what is mm in money or 1,000 multiplied by itself equals 1,000,000. A millimeter (abbreviated as mm and sometimes spelled as millimetre) is a small unit of displacement (length/distance) in the metric system. Does not make any guarantee or another promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence.
How do you abbreviate 1 million dollars?
The cardinal number is automatically recognized when using M or MM in accounting. Even if you have a significant figure to represent, such as 12 billion, you could still write it as 1200MM, which would be understood. This methodology Bookkeeping for Veterinarians differs from everyday slang, which takes the first letter from each word as the primary abbreviation. The Greek option is typically capitalized when multiple abbreviations are used for accounting purposes.
Why do bankers use M instead of K? TheStory Behind the MM Convention
- The Authorized Share Capital of Company is $15,000,000 shares of $ 100 each i.e. $ 1,500,000,000.
- If the company sells 26,000 units, the accountant can record that as 26M units.
- In finance and accounting, MM (or lowercase “mm”) denotes that the units of figures presented are in millions.
- For example, the Roman numeral MM is frequently used to designate that the units used in presenting information (financial and non-financial) in millions.
- “M” is the most common abbreviation for “million.” If you’re going to abbreviate “million,” it would usually turn into this form.
- It’s also common to see K used for 1,000 and B for a billion.
Here’s a quick look at some of the money terms you’ll see when referring to different sums from a Greek perspective. I have worked in equity markets for 20 years and poor abbreviations drive me crazy. Regretfully, until the USA goes metric there’s going to continue to be problem with this. The Report containing certain information of company C is given below, representing the same with the compact number representing mode. Internet advertisers are familiar with CPM which is the cost per thousand impressions.
- What matters is that readers look at the figures and understand the amounts.
- No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence.
- The company can get the full amount of the loan applied against Asset 1 as the bank’s requirements are fulfilled.
- Even if you have a significant figure to represent, such as 12 billion, you could still write it as 1200MM, which would be understood.
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Abbreviation for Million and Thousand: K & MM Meaning
“M” is the only acceptable abbreviation to use for “million” in UK English. You’ll find that a lot of UK native speakers won’t even know what “mm” stands for (outside what are retained earnings of the “millimeter” measurement that is abbreviated to “mm”). The Notation MM for representing Millions is becoming less common as it creates confusion between the representation of M and MM, whereas the M denotes the Thousand. But due to confusion between M and MM, now the alternative notations are used for representing thousands and millions. For Representation of Thousand, K is used as an abbreviation, and for representing Million, Single M is denoted as an abbreviation.