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The Latin numeral M denotes thousands. 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 (one m
by herpderperator 5y ago
The Latin numeral M denotes thousands. 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 (one million).
So, we should refrain from using lowercase m for this.
- IncRnd 5y ago> So, we should refrain from using lowercase m for this. Except that mm is already used by a number of industries and people to mean million. What you did was quote from the first result of a google search without attribution and then pretend the quote means the opposite of what was written. See: https://corporatefinanceinstitute.com/resources/knowledge/other/mm-millions/ https://corporatefinanceinstitute.com/resources/knowledge/ot... Your quote left out the first part, which is italicized in the full quote below: In finance and accounting, MM (or lowercase “mm”) denotes that the units of figures presented are in millions. The Latin numeral M denotes thousands. 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 (one million).
- herpderperator 5y agoWhy do you think it's in parentheses? Because it's not the main, correct way to write this. Lazy people didn't capitalize, and now you see it in the wild. Given the origin is Latin numerals, I see no argument here.
- Friedduck 5y agoLower-Case use of mm in accounting and finance is incredibly common. If you worked in those industries it’s understandable you’d think everyone followed that convention.