What Does 'MM' Mean in Accounting?

Save
An accountant at work
An accountant at work (Image: opolja/iStock/Getty Images)

All industries have their own unique language, and accountancy is no exception. Some of the terms in use are simple acronyms, such as LTL for long-term liabilities; others, such as MM, are derived from Roman numerals. Learning the exact meaning of individual acronyms and abbreviations is essential if confusion is to be avoided.

Meaning

In Roman numerals, M represents 1,000. In accounting, the suffix MM is used to represent 1,000 thousands, which equals 1 million. When MM is used in this way, $150,000,000 is written as $150MM.

Related Searches

References

Promoted By Zergnet

Comments

You May Also Like

Related Searches

Check It Out

Are You Really Getting A Deal From Discount Stores?

M
Is DIY in your DNA? Become part of our maker community.
Submit Your Work!