AWS also purchased the adjacent, nuclear-powered data center campus from Talen for $650 million. Some style guides might opt for the complete “million” or have their own prescribed abbreviation, so it’s essential to consult the relevant guidelines before finalizing your writing. In this context, “MM” serves as an abbreviation for “thousand thousands,” signifying a million.
Is it M or MM for million?
- However, millions range from 1,000,000 to 999,999,999 so there can be a maximum of eight zeros if you are referencing a 100 million (100,000,000).
- Therefore, always consult the relevant style guide to ensure compliance and consistent abbreviation usage.
- ″These SMRs will be powering directly into the grid, so they’ll go to power everything, part of that is the data centers, but everything that is plugged into the grid will benefit,” Garman added.
- In various contexts, like finance, ‘M’ denotes amounts in millions, such as revenues, budgets, or investments.
Some abbreviations for million options may surprise you, as is also true for some of the other large number abbreviations. The term ‘MM’ often signifies millions and is typically used in contexts like budgets and forecasts. It’s a convenient way to represent larger values while maintaining neatness in documentation.
The Single ‘M’: What Does It Stand For?
Because the capital letter M is the Roman numeral for a thousand, you may want to use the lowercase letter to avoid confusion. Typically, the abbreviation is mm meaning used right after a number without a space. Here, we’ll study the word million and explore its meaning, origin, and synonyms.
- If you’re targeting a global audience or discussing finance in general, using “M” would be appropriate.
- Before we delve into the intricacies of abbreviating “million,” it’s crucial to understand why we need such abbreviations in the first place.
- Dominion serves roughly 3,500 megawatts from 452 data centers across its service territory in Virginia.
- 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.
What Does M and MM Mean in Accounting?
For example, 1MM equals 1 million, $34MM equals $34 million and so on. Despite some calls to modernize, MM persists because of its advantages for clarity, Online Accounting precision, and familiarity. After analyzing its history and modern use, I have a new appreciation for how deeply rooted MM is within finance culture, likely to endure for the foreseeable future. Any universal shift would require a coordinated effort from all major institutions simultaneously. To understand MM, we have to go back to the early days of accounting when Roman numerals were used to record ledgers.
- MM helped condense meaning while still conveying millions clearly.
- Abbreviating one million dollars is done using the above abbreviations.
- It was borrowed from the SI unit, in the same way that “ski” was borrowed from Norse.
- For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online.
- 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.
- A frequent error people make is using ‘M’ and ‘MM’ interchangeably without understanding their specific meanings.
Boost your confidence and master accounting skills effortlessly with CFI’s expert-led courses! Choose CFI for https://www.bookstime.com/ unparalleled industry expertise and hands-on learning that prepares you for real-world success. However, millions range from 1,000,000 to 999,999,999 so there can be a maximum of eight zeros if you are referencing a 100 million (100,000,000). You can also use the abbreviation “mil” in casual conversation.
Example Sentences With Billion Abbreviations
- Boost your confidence and master accounting skills effortlessly with CFI’s expert-led courses!
- It comes from middle english “milioun”, from middle french “milion” and from early italian “millione”.
- You shouldn’t use abbreviations in academic or official writing.
- CFI is on a mission to enable anyone to be a great financial analyst and have a great career path.
- In this usage, the “m” is not a unit prefix, but together with the number before it, it means “3 million people” not “3 megapeople”.
- Similarly, if a company reports an acquisition cost of €500MM, it indicates an acquisition worth €500 million.
- Here, we’ll explore the various application domains and provide insights to help you navigate the world of abbreviations effortlessly.
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. Frequently, in finance and accounting settings now, an analyst will use k to denote thousands and a capitalized M to denote millions. You seem to be under the impression that the “k” in “1.5k” represents the SI unit “kilo”. It was borrowed from the SI unit, in the same way that “ski” was borrowed from Norse.