You can download the image file in PNG format for offline use or send image of MM definition to your friends by email. Million began trading on July 13, 2021 and reached an all-time high of over $200 after a single day. It has been in a steady downtrend since and is trading around $40, a month after its launch. In its roadmap, Million plans to launch on all major blockchains and partner with other projects, although it is unclear how these partnerships will exactly look like. It also promised non-fungible tokens collaborations with digital artists. Million wants to list on more exchanges in the coming months and win over celebrity influencers to promote the token. If it reaches a market cap of $1 billion, a “jacuzzi bar super party” will be held.

Spelling million, billion, and trillion out helps non-financial readers understand the resume more easily. When they see $1M, many readers have no idea if the writer means $1,000 or $1 million. That’s a considerable difference ($999,000, to be exact).

Should M for million be capitalized?

If you are writing for a general context, be aware that many of your readers will be confused by this. In opening, thank you for the warm reception. Unfortunately, the “International System of Units”, or “SI” has nothing to do with this thread and doesn’t apply to my post—nor will anyone find an answer to the original question therein. MM represents https://www.bookstime.com/ million in certain industries, notably the energy industry , in abbreviations such as MMbbl/d . Even then, I don’t think this is applied universally, some use only one M in this and similar abbreviations. If the writer is going to use it, he should explain it first, unless he knows for certain that the audience he is writing for would understand it.

It is Latin for multiplying one “thousand” by itself to create the “million” number. You hereby agree that we are not providing our own opinions, advice, or recommendations. If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. ERC-20 is a popular token standard among new tokens. Ethereum has the strongest developer network of all blockchains and is widely regarded as one of the most secure blockchain with smart contracts. It is secured by a proof-of-work consensus mechanism that requires miners to mine new Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.

In finance, the most used terms are:

In general use, one M will be more readily understood. To be fair, though, it’s probably not easy to put a proper roman million in modern word processing . I prefer $1m (1k x $1k) but my last boss was an engineer turned CFO who preferred $1MM, so I got used to that. In tables I’ve often seen 1.00 where there’s a note someplace that figures are in millions .

• Living in the U.S., I’m inclined to regard m as a thousand and mm as a million, and to treat m and M as the same .
• Likewise, we may quote you a single and aggregate contractor line of authority.
• You can download the image below to print or share it with your friends through Twitter, Facebook, Google or Pinterest.
• There are several right answers to the question.

We’ll explain the correct abbreviation for “million” in this article. 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.

Definition of MM

1 million pixels in a photo camera will be referred to as 1 Megapixel. That being said, it really messes up your reading comprehension on financial headlines as everything looks like small potatoes.

• Ultimately, you would be doing yourself a disservice by confusing million for thousand …
• If you know you are writing for a context in which MM or mm represents million, then by all means do so.
• Share CapitalShare capital refers to the funds raised by an organization by issuing the company’s initial public offerings, common shares or preference stocks to the public.
• “Most English Speakers would not recognize” the abbreviation along with most speakers of any other language.
• It is Latin for multiplying one “thousand” by itself to create the “million” number.
• We are more likely to see a headline that reads the government spent $60B on a new project.
• If we’re talking Roman numerals, MM would be 2000, just like XX is not 100.

This guide will explore how the notation should be used, as well as alternative symbols that are used in practice. This guide will, MM (or lowercase “mm”) denotes that the units of figures presented are in millions. Apr 23, 2022In finance and accounting, MM (or lowercase “mm”) denotes that the units of figures presented are in millions. 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 . This guide will explore how the notation should be … So you should use either K and M or M and MM, but do not mix the two.

Million Abbreviation: How to Abbreviate Million

‘M’ abbreviation came from Mega and K for thousand and G for billion, and symbolize thousands. Whereas using MM represents thousands of thousands, along with M for a thousand. I worked for a large American chemical company, and they also used this confusing terminology. I thought we abandoned roman numerals for industry and commerce once the zero had been invented in India.

• To illustrate, even though you probably thought about 5 kilograms when you first read “5 kilos” above, I could have been referring to 5 kilometers.
• I didn’t question the use of MM to mean million, M to mean thousand, in the finance industry.
• Million is not a classic meme coin, but it also cannot be called a “normal” cryptocurrency.
• A million is commonly used to describe a large amount.
• Why do I always see people using lowercase “mm” to abbreviate million?

Evidently, you would have seen it written as $5M, not $5MM. Living in the U.S., I’m inclined to regard m as a thousand and mm as a million, and to treat m and M as the same . And after reading this post, I think your advice to avoid abbreviating million is worth taking. Thank you for always giving great insight into important topics Donna! Candidly, for my resume clients who are lawyers and hybrids , I use M for million, and K for thousand. It is mostly to save space and for easy readership. I really appreciated the insight and comments from others.

It’s a number…and therefore has nothing to do with the SI. Regardless, you make a valid point regarding usage and understanding. what does mm mean In summary, abbreviations, as with all written symbols and spoken words, should vary based upon your audience.