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2 Φεβ 2021 · On financial statements that used M to indicate thousand, the common practice was to abbreviate million as MM. This is an abbreviation based on a calculation. It stands for 1000 times 1000 (which would calculate out to one million), this is abbreviated to M * M, but without the multiplication sign, thus becoming MM.
The word thousand has a few common abbreviations. The most common abbreviations for thousand are, thous. k; M; When to Use This Abbreviation. This abbreviation is only to be used in certain, non-academic writing. For the most part, the abbreviation “M” is used as in settings that deal with money and financing, such as bank and corporate ...
Starting with the second convention, M is used for amounts in the thousands and MM for amounts in the millions (usually without a space between the number and the abbreviation—e.g., $150M for $150,000 and $150MM for $150 million).
Here is a list of number abbreviations. It’s worth noting these abbreviations are not always used consistently, and can sometimes be used with or without periods. For example, both “M” and “M.” can be used to represent “million,” and both “K” and “K.” can be used to represent “thousand.”
28 Απρ 2013 · In accounting, finance, oil and gas and several other industries, M is sometimes used for a thousand from mille, which is the Roman numeral for a thousand. MM is used for a million which is one thousand squared. MMM is used for a billion which is a thousand cubed.
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.
Numbers that are larger than one million are usually either represented using scientific notation, or by words. [1] There are two main ways of using words to write large numbers. The American way or "Short form" for naming large numbers is different from the European way or "Long form" of naming large numbers.
