finance what is the correct abbreviation for millions, billions and trillions in a financial context? English Language & Usage Stack Exchange

There are many arguments over the value and consequences of deficit spending as a tool to spur economic growth – i.e. Throughout our country’s short history, there have periods where such policies – employed on a short-term basis – have helped to stabilize the economy in meaningful and important ways. Unfortunately, however, all deficit spending is not the same.

This allows for the interpretation of financial statements to become more accessible. Further research is needed to assess implementation issues, including impacts on government finances as a result of economic and/or demographic shocks. Also, it can control the costs of drugs, since they are financed on a kind of risk-adjusted population formula.

What is K in money?

I just happen to google it since I saw it on a letter the VP asked me to proof. My suggestion is, lets decide what we are going to use globally so everyone understands and leave it at that so there is no confusion. Spelling million, billion, and trillion out helps non-financial readers understand the resume more easily. In the US banking industry, using M as an abbreviation for thousand and MM for a million is standard . Using M for million in that industry could be misleading.

• Using uppercase (“MM”) or lowercase (“mm”) are both fine, as long as you’re consistent.
• Read the comments below for more information, plus global insights, on how to abbreviate thousand, million, and billion.
• Let’s look at a few examples from real resumes of how to abbreviate million on a resume.
• One answer I came across as to why some industries uses USCS and not metric is that when the industrial revolution happened, measurements were based on the imperial system and as time went on, it was too cost prohibitive to change.
• Some abbreviations for million options may surprise you, as is also true for some of the other large number abbreviations.
• They represent about 90% of businesses and more than 50% of employment worldwide.

For Representation of Thousand, K is used as an abbreviation, and for representing Million, Single M is denoted as an abbreviation. As a young banker in the mid-80s, I learned what had been taught for many decades before, that we abbreviate thousands in our analysis with the letter M. If we wanted to denote millions, we would show that as MM. 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.

How to Abbreviate Million on Your Resume

The best way to abbreviate millions on a resume is “MM.” It’s clear and easy to understand, which is the key to successfully abbreviating numbers. You can also use “M.” This has historically been used to mean thousand, but is rarely used that way anymore, so it’s unlikely to cause confusion. Abbreviating one million dollars is done using the above abbreviations. Generally, the abbreviation with two M’s is preferred in finance.

The reference to “000’s omitted” is most often found in what does mm mean reports and refers to the practice of presenting tables of numbers presented in “thousands of dollars” (hence 000’s omitted). M and MM are Roman numerals where M stands for “one thousand” and MM is intended to denote “one thousand thousands”or “one million”. A quote for mailing services would commonly show as $ /M. For example, a cost quoted as $25/M would equate to $25 for every thousand pieces. It has its roots in the British Imperial System using Roman numerals and can also be referred to as USCS .

How to abbreviate million on a resume?

But in the case of Asset 2, the company can get a loan of 4.5 MM against the applied loan of 5 MM as per the bank’s criteria. The company can get the full amount of the loan applied against Asset 1 as the bank’s requirements are fulfilled. The Report containing certain information of company C is given below, representing the same with the compact number representing mode. You can also use the abbreviation “mil” in casual conversation. You might hear something along the lines of “He dropped a couple mil on a new car,” or perhaps “How many mils is that house? ” This abbreviation works for both spoken and written dialogue, and is easily recognizable.

In the UK some people use MM to mean billion so it’s good to avoid the double M. Donna Svei, an executive resume writer and former C-level executive, retained search consultant, and CPA, authors all of AvidCareerist’s posts. Let’s say you’re talking about sales growth of $1 million.