If an internal link led you here, you may wish to change the link to point directly to the intended article. The problem is that there are multiple traditional usages, with overlapping meanings. It seems odd that anyone would think $25m should be read as $25000.
- Thus, MM is the same as writing “M multiplied by M,” which is equal to “1,000 times 1,000”, which equals 1,000,000 .
- Out of which, it issued $ 100,000,000 worth of shares only.
- The Latin numeral MM is frequently used to designate that the units used in presenting information (financial and non-financial) are in millions.
- 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.
- In finance and accounting, MM (or lowercase “mm”) denotes that the units of figures presented are in millions.
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The higher the earnings per share , the more profitable the company is. In this example, we intentionally chose a piece of analysis that contained various different units, such as what does mm mean 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.
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However, when it comes to billion, we don’t really see G or MMM as the abbreviation for billion. We are more likely to see a headline that reads the government spent $60B on a new project. B for billion isn’t Greek or Roman; it is just the first letter of the word billion. As a young banker in the mid-80s, I learned what had been taught for many decades before, that we abbreviate thousands in our analysis with the letter M. If we wanted to denote millions, we would show that as MM. M is the Roman numeral for thousand and MM is meant to convey one thousand-thousand — or million.
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.
Abbreviation for Million and Thousand: K & MM Meaning
Those rates are expressed per thousand and the MM denotes millions. Likewise, we may quote you a single and aggregate contractor line of authority. That line may be expressed, for instance, as $5MM single and $15MM aggregate. In finance and accounting, MM (or lowercase “mm”) denotes that the units of figures presented are in millions.
- The company can get the full amount of the loan applied against Asset 1 as the bank’s requirements are fulfilled.
- Those rates are expressed per thousand and the MM denotes millions.
- Here’s why you’re confused and what to do about it.
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- The problem is that there are multiple traditional usages, with overlapping meanings.
- I know I have seen jobs posted that pay $50K, and K is meant to stand in for a thousand.
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. I know I have seen jobs posted that pay $50K, and K is meant to stand in for a thousand. And you would be correct, thanks to the Greeks.