Different Abbreviations for Thousand, Million & Billion

Proofreading your documents can help you catch mistakes, including inconsistencies or errors related to the abbreviation. This way, the document does not fall prey to confusion or create misunderstandings. “M” is the only acceptable abbreviation to use for “million” in UK English. You’ll find that a lot of UK native speakers won’t even know what “mm” stands for (outside of the “millimeter” measurement that is abbreviated to “mm”). Always use “K” to abbreviate thousands — never “M,” which is archaic and likely to cause confusion. Unlike “million” and “billion,” avoid spelling out “thousand” — instead, use the whole figure.

How to abbreviate million on a resume

You can use any of the above abbreviations for thousand options when referring to thousands in writing. While the letter “k” is the most common abbreviation, there are a few different ways to abbreviate thousand. Scroll down for more tips on using abbreviations and https://www.quick-bookkeeping.net/ examples of how to abbreviate numbers on your resume. Over 1.8 million professionals use CFI to learn accounting, financial analysis, modeling and more. Start with a free account to explore 20+ always-free courses and hundreds of finance templates and cheat sheets.

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“M” is the most common abbreviation for “million.” If you’re going to abbreviate “million,” it would usually turn into this form. It makes the most sense considering that “million” starts with the letter “M.” Most abbreviations follow this standard practice. “M” and “MM” are the most widely accepted abbreviations for million, especially in financial contexts.

Avoiding Million Mishaps: Common Mistakes in Abbreviation and How to Correct Them

1. Various civilizations use unique forms of abbreviations throughout history.
2. Abbreviating “hundred” as “H” would be strange, because it’s not an abbreviation you’re likely to find anywhere else.
3. In this guide, we’ll cover everything you need to know about how to abbreviate million, billion and thousand on a resume, as well as other common resume abbreviations you should be using.
4. Abbreviating one million dollars is done using the above abbreviations.
5. Uppercase abbreviations are standard in the United States, while lowercase abbreviations are more common in some countries overseas, so keep that in mind when choosing which to use.
6. This way, the document does not fall prey to confusion or create misunderstandings.

The use of abbreviation varies based on the country and its language. For instance, “$5MM” abbreviation to indicate “five million dollars” would be better accepted in the accounting definition of sales invoice the US than in the UK. Let’s take a more in-depth look at how the use of abbreviations has changed over time and varies across different countries and industries.

When to Use This Abbreviation

Poor proofreading can result in incorrect and inconsistent use of abbreviations. Proofreading can uncover discrepancies and other issues that would undermine the accuracy and quality of work. There are other variations https://www.quick-bookkeeping.net/what-is-accounts-receivable-turnover-ratio/ that you may come across, such as “mil” or “mio” (short for million) but they are not recommended for formal writing in English. The first abbreviation is the letter “M”, which stands for “thousand” in Roman numerals.

Adhering to the prescribed industry style guide, if available, is a tried-and-true tactic that brings consistency to your work. Style guides suggest the right abbreviation, placement, punctuation, spelling, and capitalization of the document. Several strategies can help ensure consistency when using abbreviations. Now that we’ve covered the essential abbreviations and how to use them let’s discuss how to maintain consistency when using them. Kevin Miller is a growth marketer with an extensive background in Search Engine Optimization, paid acquisition and email marketing.

Before “K” was adopted as the colloquial way of writing a thousand (i.e. $35k to mean $35,000), it was common to use “M” instead; “M” being the Roman Numeral for 1,000. As a result, “M” simply became shorthand for adding three zeros and thus “MM” became the shorthand for adding six zeros. I have seen million, billion, and trillion abbreviated how to professionally ask for payment from clients template as M, B, and T respectively. “M” is the official abbreviation used whenever a million units of something are requested. I realized I was making so many mistakes on my resume that I’ve now fixed. Designed strategy for large-scale operational transformation initiative encompassing 1700+ full-time employees (FTEs), resulting in 500 FTE savings.

The abbreviation “mn” is used in parts of Europe, particularly France and Italy. This abbreviation is more commonly used in European banking contexts than in the United States. Abbreviating a million is common, especially in the financial context.