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At Old Republic Surety we seek to deliver you 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, Contract Bonds, or just want more information, don’t hesitate to contact us today. It’s also common to see K used for 1,000 and B for a billion.
- 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.
- Frequently, in finance and accounting, an analyst will use k to denote thousands and a capitalized M to denote millions.
- The MM abbreviation works whether the entry is in dollars, some other currency or millions of items or customers.
- We are more likely to see a headline that reads the government spent $60B on a new project.
- Now natural gas and other energy resources can be equally compared to the energy from one barrel of oil.
- Frequently, in finance and accounting settings now, an analyst will use k to denote thousands and a capitalized M to denote millions.
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, whereas 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.
Definition of M
You will most likely see it accompanying an image on a social site where people share memories. Territory includes Washington, Oregon, Montana, Idaho, Hawaii, Alaska, California, and Utah. Darrel has over 30 years of proven success and is skilled in developing relationships with internal and external stakeholders to drive superior business results. I know I have seen jobs posted that pay $50K, and K is meant to stand in for a thousand.
Connect and what is mm knowledge within a single location that is structured and easy to search. 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. This allows for the interpretation of financial statements to become more accessible.
Mommy Mearest
We are more likely to see a headline that reads the government spent $60B on a new project. B for billion isn’t Greek or Roman; it is just the first letter of the word billion. A network protocol is a set of established rules that specify how to format, send and receive data so that computer network … The Kimray Chronicleis your source for news within the Kimray community. Relating this back to BTU, in the US, 1 BOE is equal to 5.8 million BTU.
The least ambiguous approach is to simply write them out in words, such as “$ thousands.” This is CFI’s recommended method, to avoid any potential confusion. This page explains what the acronym “MM” means. The various definitions, examples, and related terms listed above have been written and compiled by the Slang.net team.
What does 2mm mean in dollars?
Friday Night Funkin’ players use the acronym MM to refer to antagonist Mommy Mearest. Mommy Mearest first appears in Week 4 of the game. In Week 5, she reappears alongside her husband, Daddy Dearest . An acronym sometimes used on Twitter when referencing a song or music that you think others should listen to. During chat and text conversations, MM sometimes stands for “make me.” If someone asks you to do something that you really don’t want to do, you can respond with MM to tell that person off.
- When an analyst must present various different types of units, it is recommended to add a “units” column so that each item contains a label for easy reference.
- The example below shows how figures can be portrayed in millions.
- This measurement is just as common but looks at production differently depending on what you need to learn from the information.
- We often find the abbreviation on financial statements, which stands for millions.
- If net income runs to $6,500,000, it goes on the books as $6.5MM.
The least ambiguous approach is to simply write them out in words, such as “$ thousands.” This is Corporate Finance Institute’s recommended method, to avoid any potential confusion. Just as with barrels per day, you’ll commonly see MBOE and MMBOE . Again, the prefix M is one thousand and MM is one million cubic feet per day.
