If you can’t go above Certified Bookkeeper three M’s in a row, you can’t get to 4,000, which would be MMMM. We don’t know for sure why the Romans used letters or why they chose the letters they did. One theory says the use of M was because Romans measured a mile as a thousand paces. Another theory is that it is a misprinting of the Greek letter phi. This is based off the Roman numeral “M,” which stands for 1,000, and MM, which is used to indicate 1,000,000. The barred M was necessary because the Romans didn’t use zero, and they didn’t like using more than three identical letters in a row.
- For example, 1MM equals 1 million, $34MM equals $34 million and so on.
- One theory says the use of M was because Romans measured a mile as a thousand paces.
- To reach m from mm, we must jump three places to the left.
- We have measures like meters and kilometers to express bigger distances, like the distance between two cities, the height of mountains, lengths of rivers, etc.
- However, there are official abbreviations out there that you might come across, and it would help to know about them.
- For the past 52 years, Harold Averkamp (CPA, MBA) hasworked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online.
What does MM stand for?
You’ll find that a lot of UK native speakers won’t even know how is sales tax calculated what “mm” stands for (outside of the “millimeter” measurement that is abbreviated to “mm”). “mm” is often left uncapitalized (though there are no specific rules that state which way it should be written). It is Latin for multiplying one “thousand” by itself to create the “million” number. However, it’s fairly uncommon for “Million” to be abbreviated outside of scientific circles. Most native speakers wouldn’t care much about “million” as an abbreviation because they won’t often come across the number in their daily lives. While you can make MM stand for millions of anything, it’s important that the reader knows whether you’re talking about dollars, euros, units shipped, etc.
What Does M and MM Mean in Accounting?
While you can make MM stand for millions of anything, it’s important that the reader knows whether you’re talking about dollars, euros, units shipped, etc. If, say, you use it for both units and dollars in the same document, separate the different categories so your readers don’t get confused. “mm” (which is usually kept in the lower case) is an old-fashioned abbreviation that doesn’t see much common usage. You’ll find that it’s mainly used in the energy sector, but it otherwise doesn’t get recognized. “Mm” is a simple way to say “Yes” or “I agree” within a text message—but this abbreviation may be a little confusing at first glance if you’ve never seen it before. We’ll go over everything there is to know about this slang term, so you can easily interpret it in your future text convos.
What Does “MM” Stand for in Dollars?
Generally, you will not come across a “million” of anything. You might not put a lot of thought into your abbreviations, and that’s okay. However, there are official abbreviations out there that you might come across, and it would help to know about them. We’ll explain the correct abbreviation for “million” in this article. Unfortunately, there isn’t a consistent approach to labeling units.
Acronyms & Abbreviations
Unlock your potential and accelerate your career with sought-after management and leadership skills. Explore Our Course LibraryEnhance your leadership skills with our diverse selection of courses. Take your abilities to the next level and become a more effective leader and team player. If you think there’s any possibility of your use of MM being confusing or being misinterpreted, you’re safer writing out the numbers or using “millions.” Rather than use the barred M, however, accounting went with MM as an abbreviation for a million. For example, 1MM equals 1 million, $34MM equals $34 million and so on.
If you can’t go above three M’s in a row, you can’t get to 4,000, which would be MMMM. Some examples of objects having about 1 millimeter length areA sharp pencil point and the tip of a sewing needle are approximately 1 mm in length. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only.
- It makes the most sense considering that “million” starts with the letter “M.” Most abbreviations follow this standard practice.
- In internet record keeping, for instance, CPM is the cost per thousand impressions of an internet ad.
- Generally, you will not come across a “million” of anything.
- Another option is to use the “M” for 1,000 and represent $4 million as $4,000M.
- The correct abbreviation for “million” in the UK is only M.
It’s also common to see K used for 1,000 and B for a billion. “MM” is an old-fashioned abbreviation, but it still sees some usage today. You might come across “mm” in scientific or engineering fields, where different values mm meaning are required, and they can reach well into the millions as a unit. “M” is only used as an abbreviation when talking about a lot of money or in scientific communities.
Stating at the top of the report that “all figures are in millions of dollars” should take care of it. In accounting speak, a written “MM” means a million, whether the accountant is referring to units, dollars, euros or shares. Rather than writing $400,000,000 or $400 million, the accountant can use the MM abbreviation and write $400MM instead.