M vs MM What Is The Correct Abbreviation for “Million”?

mm abbreviation money

The specialist must also set the opening price for the stock each morning, which can differ from the previous day’s closing price based on after-hours news and events. The specialist determines the correct market price based on supply and demand. If you change the duration format after you enter data in the cells, the data automatically adjusts to the new duration format you set.

1 million watts abbreviates to 1MW or “megawatt” and in geology, one million years ago is often abbreviated to “1 mya”. 1 million bytes will be abbreviated as 1MB or one megabyte. 1 million pixels in a photo camera will be referred to as 1 Megapixel. You can also use what does mm mean 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.

Words nearby mo

1,000 cubic feet of natural gas contains about 1/6 of the energy content of a single barrel of oil. That quantity of natural gas is “equivalent” to one barrel of oil. The price of natural gas is often expressed in currency units per energy content. For example, US dollars per million BTU (USD per MMBtu or ~1,000 cubic feet of natural gas). 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.

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. Review a few examples of sentences that feature common abbreviations for billion. Review a few examples of sentences that feature common abbreviations for million. If you’re looking to avoid the word million altogether, you won’t have much luck.

Meaning of MM

At Old Republic Surety we seek to deliver you 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.

mm abbreviation money

FREE INVESTMENT BANKING COURSELearn the foundation of Investment banking, financial modeling, valuations and more. A million is commonly used to describe a large amount. For example, millions of people got affected due to a downfall in the economy. The reader can easily understand https://www.bookstime.com/ the complex number shown in millions through presentations. Because we have multiple options to choose from when selecting an abbreviation, it is important to use context to make the proper selection. The Hindu – Arabic numeral system is what we have used ever since.

What Does “MM” Mean?

BOE is mostly used by exploration and production companies when reporting their total amount of reserves. It communicates to investors the total energy content that company can access. In the oil and gas industry, the prefix “M” stands for “one thousand.” Thus, “MM” is “M multiplied by M,” or one million. The number for barrels of oil per day can refer to anything from a global amount produced to a single production field so the numbers can vary wildly. DisclaimerAll content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.

  • My suggestion is, lets decide what we are going to use globally so everyone understands and leave it at that so there is no confusion.
  • As stated above, MM is generally used in business to represent millions since the letter M by itself has historically meant 1,000.
  • Unfortunately, this practice can occasionally cause confusion within the financial industry as multiple numerical abbreviations are used interchangeably within society.
  • The Roman numeral for million is M with a line over it.
  • Modus operandi was adopted by early 20th-century criminologists who sought to establish patterns in crimes.