When plural, as in “millions,” it refers to multiples of 1,000,000. The word “million” is most often used in reference to money, but is also frequently used in exaggeration. The word “million” can be paired with the suffix “-aire” to form the word millionaire which indicates an individual with a million or more dollars.
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. Swap the word “million” for “mil” or “mm” to avoid redundant language but to still be specific in how large numbers you’re working with. Other numbers, such as “thousand,” have more interesting abbreviations, such as “k.” The three letters “mil” are very clearly defined as mbeaning million, so you shouldn’t run into any issues. Only use abbreviations on your resume when they are common and easily understood. Abbreviating “million” as “M” is fine, because recruiters can easily understand what you’re trying to say.
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. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. The goal of abbreviating large numerical values is to create financial statements that appear to be more simple and concise. This allows for the interpretation of financial statements to become more accessible. Within finance and accounting, we often find something quite different.
Unlike “million” and “billion,” avoid spelling out “thousand” — instead, use the whole figure. The best (and most common) way to abbreviate millions on a resume is “MM.” It’s clear and easy to understand, which is the key to successfully abbreviating numbers. Wondering how to abbreviate million, billion, and thousand on a resume? Read this complete guide on when and how to use common resume abbreviations. Abbreviating one million dollars is done using the above abbreviations. Generally, the abbreviation with two M’s is preferred in finance.
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Regardless of why you are trying to abbreviate the word “million,” you have come to the right place. In this article, we will teach you how to abbreviate the word and how to use the abbreviation for “million.” Let’s first understand what million means. To summarize, our modern numerical system is the same as the Hindu-Arabic numerical system. However, our abbreviations are a concoction of multiple cultural legacies ranging from Rome, Greece, India, China, and Arabia. The numerical transformation post 13th century in Europe is largely credited to Leonardo of Pisa, also known as Fibonacci. In 1202, he wrote a book called “The Book of Calculation,” in which he advocated for conducting mathematical equations with the Hindu-Arabic numeral system as opposed to the Roman numeral system.
- If you’re confused about the letter designations that stand for thousands and millions, you’re not alone.
- Read this complete guide on when and how to use common resume abbreviations.
- 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).
- Unfortunately, this practice can occasionally cause confusion within the financial industry as multiple numerical abbreviations are used interchangeably within society.
We often find the abbreviation (mm) on financial statements, which stands for millions. Unfortunately, this practice can occasionally cause confusion within the financial industry as multiple numerical abbreviations are used interchangeably within society. For that reason, in financial contexts it’s best to define up front the convention you are using—whether it’s M and MM and MMM or K and M and B (or G) or something else—to make sure your readers are on the same page. Using uppercase (“MM”) or lowercase (“mm”) are both fine, as long as you’re consistent. Uppercase abbreviations are standard in the United States, while lowercase abbreviations are more common in some countries overseas, so keep that in mind when choosing which to use. For example, within financial statements, the industry-standard abbreviation is M for a thousand, while in everyday life, the abbreviation of K for a thousand is usually the acceptable one.
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As stated above, MM is generally used in business to represent millions since the letter M by itself has historically meant 1,000. That said, if your organization uses M and it doesn’t cause confusion, you are free to use M to abbreviate one million. 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. This numerical system has the digits 0, 1, 2, 3, 4, 5, 6, 7, 8, 9. It was first created in India, and from there, it progressively spread to Arabia and China.
If 1,000 multiplied by 1,000 equals 1,000,000, and 1,000 equals M, then we can use the abbreviations to create calculations. While the concept can seem confusing at first, it helps if you can understand that M is supposed to equal 1,000. Before sending out your resume, upload it to the tool below to ensure your sections, abbreviations, and bullet points are correctly identified. It’ll also identify any mistakes and give you suggestions for improvements. Scroll down for more tips on using abbreviations and examples of how to abbreviate numbers on your resume.
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1 million watts abbreviates to 1MW or “megawatt” and in geology, one million years ago is often abbreviated to “1 mya”. You might also want to use abbreviations to indicate physical size. To abbreviate “square foot,” use “ft2” — there’s no need to get fancy with superscript like “ft2”. You can also use “M.” This has historically been used to mean thousand, but is rarely used that way anymore, so it’s unlikely to cause confusion. If you say “10M” on a resume, recruiters will know that you mean million, not thousand. 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).
How Do You Abbreviate Million Dollars?
You shouldn’t use abbreviations in academic or official writing. Use abbreviations in informal scenarios like notes and unimportant communication where context exists. For example, abbreviations may be used when taking notes, documenting numerical entries in accounting documents, or communication with others in a work environment such as an email or memo conveying important numbers.
For example, a thousand is often abbreviated as (M), a million is abbreviated as (MM), and a billion is abbreviated as (BN) or (MMM). At Old Republic Surety we seek to deliver 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. If you would like to learn more about Old Republic Surety and some of our services like Commercial Surety Bonds, and Contract Bonds, or just want more information, don’t hesitate to contact us today. If you’re confused about the letter designations that stand for thousands and millions, you’re not alone. Always use “K” to abbreviate thousands — never “M,” which is archaic and likely to cause confusion.
Million Abbreviation: How to Abbreviate Million (MM, M, mm, or m)?
Prior to accepting a position as the Director of Operations Strategy at DJO Global, Manu was a management consultant with McKinsey & Company in Houston. He served clients, including presenting directly to C-level executives, in digital, strategy, M&A, and operations projects. Designed strategy for large-scale operational transformation initiative encompassing 1700+ full-time employees (FTEs), resulting in 500 FTE savings. Designed strategy for large-scale operational transformation initiative encompassing 1.7K+ full-time employees (FTEs), resulting in 500 FTE savings. If you’re looking to avoid the word million altogether, you won’t have much luck. The only other option is to write your entire number numerically or even convert it to scientific notation.
