One thing to consider is that when writing about large amounts of money, the words “million” or “billion” are often left out altogether, as are superfluous zeroes. Generally, the abbreviation with two M’s is preferred in finance. How Do You Abbreviate Million Dollars?Ībbreviating one million dollars is done using the above abbreviations.
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That said, if your organization uses M and it doesn’t cause confusion, you are free to use M to abbreviate one million.
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Is it M or MM for million?Īs stated above, MM is generally used in business to represent millions since the letter M by itself has historically meant 1,000. He just made millions selling his Bitcoin. She just sold millions of dollars in stocks. The founder of the company went on to become a millionaire. He has millions of coupons in his junk drawer. She won a million dollars in the lottery. The word “million” can be paired with the suffix “-aire” to form the word millionaire which indicates an individual with a million or more dollars. The word “million” is most often used in reference to money, but is also frequently used in exaggeration. In its simplest terms, a million is “one thousand thousand”. When plural, as in “millions,” it refers to multiples of 1,000,000. The word “million” is defined as the number 1,000,000. The MM abbreviation comes from the Latin writing “M multiplied by M,” which is equal to “1,000 times 1,000”, which equals 1,000,000. The most common abbreviation in business settings is MM because the letter M in Roman Numerals stands for thousand. In these documents, million is generally abbreviated as: Million is commonly abbreviated in financial documents or letters.