While the letter “k” is the most common abbreviation, there are a few different ways to abbreviate thousand. The meaning of the word “million” is common to the short scale and long scale numbering systems, unlike the larger numbers, which have different names in the two systems. The problem with M is that depending on the audience it can mean either thousands or millions. This is ambiguous; hence, if you wish to be unambiguous the use of M to mean either thousands or millions is to be avoided. Thus, we’re left with k and MM as to unambiguous ways to denote thousands and millions respectively.

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. Mahindra & Mahindra (M&M) stock is currently priced at ₹1412.9, with a 0.67% percent change and a net change of 9.35. This suggests that the stock has experienced a small increase in value.

M&M share price update :M&M trading at ₹1412.9, up 0.67% from yesterday’s ₹1403.55

Western Civilization has had two powerful influences – the traditions of the Greeks and the Romans, and there is often conflict. The Greeks would refer to the god of the sea as Poseidon, where the Romans would call him Neptune. For the Romans, the god of wine would be Bacchus, and for the Greeks it would be Dionysus. These differences carry themselves into many parts of our culture, including financial analysis. Western civilization has had two powerful influences — the traditions of the Greeks and the Romans, and there is often conflict.

$MM simply because I am used to it now in my current company. When I first left college, I was shocked and appalled at some numbers I was reviewing in a pitch book since I perceived $M as millions. As of the latest update, the price of M&M stock is at ₹1404. There has been a minimal percent change of 0.03, with a net change of 0.45. Since 1983, the metre has been officially defined as the length of the path travelled by light in a vacuum during a time interval of 1/299,792,458 of a second.

List & Abbreviations for Months: List of Months and Abbreviations

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 1,000 multiplied by 1,000 equals 1,000,000, and 1,000 equals M, then we can use the abbreviations to create calculations. “M” is the official abbreviation used whenever a million units of something are requested.

• To go even further, one billion would be represented as $1MMM or one-thousand million dollars.
• You might not put a lot of thought into your abbreviations, and that’s okay.
• However, when it comes to billion, we don’t really see G or MMM as the abbreviation for billion.

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. In 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 (one million). This guide will explore how the notation should be used, as well as alternative symbols that are used in practice. Agents will also commonly see us communicate M as thousands when we quote surety rates or agent commissions.

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If you’re confused about the letter designations that stand for thousands and millions, you’re not alone. In fact, it’s one of our most frequently asked questions. The correct abbreviation for “million” in the UK is only M. “M” is the only acceptable abbreviation to use for “million” in UK English. You’ll find that a lot of UK native speakers won’t even know what “mm” stands for (outside of the “millimeter” measurement that is abbreviated to “mm”). As of the latest data, the stock price of Mahindra & Mahindra (M&M) is ₹1409.8, which has increased by 0.45% or ₹6.25.

It is Latin for multiplying one “thousand” by itself to create the “million” number. “MM” is an old-fashioned abbreviation, but it still sees some usage today. You might come across “mm” in scientific or engineering m mm million fields, where different values are required, and they can reach well into the millions as a unit. “mm” (which is usually kept in the lower case) is an old-fashioned abbreviation that doesn’t see much common usage.