4 ms·
MM = 1,000 * 1,000 == 1,000,000 <- thats where MM comes from Roman numerals. jeasus christ: https://corporatefinanceinstitute.com/resources/fixed-income/mm-mi
by samstave 3y ago
MM = 1,000 * 1,000 == 1,000,000 <- thats where MM comes from Roman numerals.
jeasus christ:
https://corporatefinanceinstitute.com/resources/fixed-income/mm-millions/ https://corporatefinanceinstitute.com/resources/fixed-income...
Seems like you engineers have been behind code and not having to defend your project budgets to CFOs and stakeholders often.
- devindotcom 3y agoMM is 2,000 in Roman numeral notation, not a million.
- wongarsu 3y agoYeah, but finance people (way after the roman times) adopted M as a suffix for thousands, and once you treat it as a suffix or prefix it made sense (to them) to use MM for million. You sometimes see the same done in engineering-adjacent contexts with SI prefixes, like using kk for million.
- rescbr 3y agoThe finance people that I know uses K for thousands and MM for million.
- yodon 3y agoTech and science use K for thousand and M for million. Using K and MM in finance reduces the odds of an incorrect interpretation of a single M.
- Moru 3y agoSweden faint memory of using ' and " for accounting. 1' is 1 000, 1" is 1 000 000. Or something like that, didn't spend much time on it.
- maratc 3y agoSo MMXXIV = 1,000 * 1,000 * 10 * 10 * 1 * 4?