When writing, the guide advises, to use figures only for anything less than a million, but spell out “million,” “billion,” and 'trillion” for numbers of 1 million or greater, such as 2.4 billion. Furthermore, the Associated Press recommends abbreviating millions as “M” and billions as “B” in headlines.
MM is Mille Mille. So technically MM would be "thousand thousands" or "a million" . I have seen $100M also which used to mean 100-million-dollars but in that example one uses a currency symbol AND an uppercase M. (This is common in financial uses.)
The Roman numeral M is used to indicate units in thousands. For example, an annual salary of $60,000 might appear as $60k instead of $60M.
On the Internet, 1K is used to represent 1 thousand and 10K is used to represent 10 thousand, similarly, 1M is used to represent 1 million. You must have understood this thing easily because “M” means Million, so “M” would be used for million.
So, today's topic is brought to you by the letter M, which stands for 1000 in Roman numerals. M also stands for money and is used to label various technical measures of money in the economy.
Additionally, statistics show that the top 2% of the United States population has a net worth of about $2.4 million. On the other hand, the top 5% wealthiest Americans have a net worth of just over $1 million. Therefore, about 2% of the population possesses enough wealth to meet the current definition of being rich.
Frequently, in finance and accounting settings now, an analyst will use k to denote thousands and a capitalized M to denote millions. For example, $100k x 10 = $1M.
M1, M2 and M3 are measurements of the United States money supply, known as the money aggregates. M1 includes money in circulation plus checkable deposits in banks. M2 includes M1 plus savings deposits (less than $100,000) and money market mutual funds. M3 includes M2 plus large time deposits in banks.
m = number of compounding periods. i = periodic rate of interest. PV = FV (1 + i)
Banker meaning: In banking terms, a buck is $1m. Ten bucks a euphemism for $10m. Not to be confused with: A male deer or rabbit.
In short, M means 1,000 (one thousand). So when you read a price quote in $100/M, it means $100 per 1,000 units.
I believe the traditional usage requires capital M: $20M = $20,000 $6MM = $6,000,000 Of course, it's more common now to use lowercase k: $30k = $30,000.
M. An abbreviation for 1 million, e.g., $500 M would mean $500000000. Mis derived from the prefix mega, which signifies 1 000000.
m is the standard abbreviation for metre (or meter) in the International System of Units (SI). However, m is also used as an abbreviation for mile. M is used as the unit abbreviation for molarity. With money amounts, m or M is ambiguous. In the finance industry, m or M means 1,000.
MUSD pl (plural only) Initialism of million United States dollars.
In a context such as 5M, M would represent million. therefore 5M is 5 million (of whatever currency or object is being discussed) and one M is one million.
Definition of M
The Roman numeral M is often used to indicate one thousand.
One hundred million is the rough equivalent to 100,000,000 and would thus be written as 100000000 in decimal form. In the United States, the billion is often used in place of the trillion.
1,000,000 (one million), or one thousand thousand, is the natural number following 999,999 and preceding 1,000,001. The word is derived from the early Italian millione (milione in modern Italian), from mille, "thousand", plus the augmentative suffix -one.
You might need $5 million to $10 million to qualify as having a very high net worth while it may take $30 million or more to be considered ultra-high net worth. That's how financial advisors typically view wealth.
Key Takeaways
Yes, it's possible to retire on $1 million today. In fact, with careful planning and a solid investment strategy, you could possibly live off the returns from a $1 million nest egg.
Million = MM or M. Billion = B. Thousand = K.