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Darrel has over 30 years of proven success and is skilled in developing relationships with internal and external stakeholders to drive superior business results. 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. It’s also common to see K used for 1,000 and B for a billion.

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. If a financial statement has a lot of large figures, the accountant may simply dispense with abbreviations.

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MM Meaning Infographic

In what does mm mean 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 . This guide will explore how the notation should be used, as well as alternative symbols that are used in practice. While the fields of accounting, banking, and finance have adopted the Roman tradition, other fields such as computer programming and the high-tech industry have adopted Greek-influenced abbreviations. As we mix our traditions, it sometimes becomes difficult to know what someone intends to convey expressing thousands or millions in an abbreviation. Agents will also commonly see us communicate M as thousands when we quote surety rates or agent commissions.

• The Structured Query Language comprises several different data types that allow it to store different types of information…
• In case you are wondering how to measure length in millimeters or how a length of a millimeter or 1 mm looks like, let’s check it out on a ruler.
• From the conversion chart, we must climb one step up to reach the yard from the furlong.
• The use of two m’s to denote millions is becoming less common.
• It is a small unit of measurement compared to the centimeter, meter, inches, and feet we are familiar with.
• Let’s learn more about the unit ‘millimeter’.

So if we stay consistent with the Greek abbreviations, then billion would be shown as a letter G . Think of your computer expressing bytes of memory as kilobyte, megabyte, or gigabyte. However, when it comes to billion, we don’t really see G or MMM as the abbreviation for billion. 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.

MM Meaning: How to Use The Interesting Term “MM” Correctly?

If the company sells 26,000 units, the accountant can record that as 26M units. If net income runs to $6,500,000, it goes on the books as $6.5MM. The MM abbreviation works whether the entry is in dollars, some other currency or millions of items or customers. Roman numerals are often used in accounting to help abbreviate and designate numbers. For example, the Roman numeral MM is frequently used to designate that the units used in presenting information (financial and non-financial) in millions.