I heard someone say '$1 mm' and I'm wondering if it means a million. Is '$1 mm' a shorthand or slang for a million? I want to confirm if my understanding is correct.
6 answers
MysterylitRapture
Thu Nov 07 2024
The abbreviation for a million in accounting is not the barred M but MM.
DongdaemunTrendsetting
Wed Nov 06 2024
This method of abbreviation is widely accepted and used in financial documents.
Sara
Wed Nov 06 2024
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Carlo
Wed Nov 06 2024
For instance, when referring to one million, one would write 1MM.
Alessandra
Wed Nov 06 2024
Similarly, $34 million would be abbreviated as $34MM.