That line may be expressed, for instance, as $5MM single and $15MM aggregate. 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. This allows for the interpretation of financial statements to become more accessible. Outside of finance and accounting, it is common to find the value of a thousand abbreviated as , the value of a million abbreviated as , and the value of a billion abbreviated as . Typically we think of a million being abbreviated as .
What does mm stand for in business?
What is MM? In finance and accounting, MM (or lowercase “mm”) denotes that the units of figures presented are in millions. The Latin numeral M denotes thousands. 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 (one million).
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What does MM stand for?
If you saw this acronym used on the internet and were unable to determine what it meant, then you are lucky to have come here. Below, this article will focus on the most popular representation, that phrase’s meaning, and other meanings that exist as well.
What does mm mean from a girl?
What Does MM Mean? This slang is used most often as an acronym on the internet and in text messaging to represent the phrase “married man.” The phrase is typically used by a side chick to refer to the guy they are with if they are in a relationship with while the guy is still married to someone else. Origin of MM.
For example, a thousand is often abbreviated as , a million is abbreviated as , and a billion is abbreviated as or . Please include the research you’ve done, or consider if your question suits our English Language Learners site better. Questions that can be answered using commonly-available references are off-topic. A unit of length in the metric system equal to 0.001 meter.
Level and beyond, the limits of its use will be defined more by our creativity and the legal or ethical bounds we set than by the performance of the technology itself. Especially when it comes to measurements and the difference between M, mm, and ml and mil. As we dig in, one consistent thing you’ll notice is the prefix “mil” which means thousand or thousandth. Digital marketing is a general term for any effort by a company to connect with customers through electronic technology.
Finally, you will learn some synonyms that can be used to replace this acronym and the phrase it represents without changing the meaning of what you are trying to convey. Learn about the metric system, examples of metric units, and what the metric system is based on. While the fields of accounting, banking, and finance have adopted the Roman tradition, other fields such https://www.bookstime.com/ as computer programming and the high-tech industry have adopted Greek-influenced abbreviations. As we mix our traditions, it sometimes becomes difficult to know what someone intends to convey expressing thousands or millions in an abbreviation. The various definitions, examples, and related terms listed above have been written and compiled by the Slang.net team.
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MM is especially useful when communicating your longing for something or someone online. You will most likely see it accompanying an image on a social site where people share memories. Needs to review the security of your connection before proceeding. Agents will also commonly see us communicate M as thousands when we quote surety rates or agent commissions. For example, the standard Class B rate starts at $25/M for the first $100M; then $15/M for the next $400M; then $10/M for the next $2MM. Those rates are expressed per thousand and the MM denotes millions. Likewise, we may quote you a single and aggregate contractor line of authority.
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- In finance and accounting, MM (or lowercase “mm”) denotes that the units of figures presented are in millions.
- This allows for the interpretation of financial statements to become more accessible.
- K comes from the Greek word kilo which means a thousand.
- However, when it comes to billion, we don’t really see G or MMM as the abbreviation for billion.
M is the Roman numeral for thousand and MM is meant to convey one thousand-thousand — or million. To take it further; one billion would be shown as $1MMM or one-thousand million. Western civilization has had two powerful influences — the traditions of the Greeks and the Romans, and there is often conflict.
Therefore, discretion must be applied within every situation to accurately implement the acceptable abbreviation or comprehend the abbreviation you are reviewing. The slang “MM” is an acronym that can be used to represent many things depending on the situation and the context it is used in.
Yet, often in finance and accounting, we find that this abbreviation deviates from the cultural norm that permeates most industries. Stack Exchange network consists what does mm mean of 181 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.
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. This shows grade level based on the word’s complexity.