Some sources say this abbreviation originated with Standard Oil Co. — the first oil giant in the United States, founded in 1870 by John D. Rockefeller. They used blue barrels to store and transport oil, thus BBL originated as a symbol for “blue barrel”. The abbreviation BBL refers to a barrel of crude oil. In the oil industry, an oil barrel is 42 US gallons. Some examples of objects having about 1 millimeter length areA sharp pencil point and the tip of a sewing needle are approximately 1 mm in length.
- The least ambiguous approach is to simply write them out in words, such as “$ thousands.” This is Corporate Finance Institute’s recommended method, to avoid any potential confusion.
- Darrel has over 30 years of proven success and is skilled in developing relationships with internal and external stakeholders to drive superior business results.
- Stating at the top of the report that “all figures are in millions of dollars” should take care of it.
- For example, a cost quoted as $25/M would equate to $25 for every thousand pieces.
RxList does not provide medical advice, diagnosis or treatment. For more than one individual to masturbate whilst in the company of another/others doing the same. MM is an abbreviation of the words mutual masturbation. Learn how money is measured and see a brief history of US money. MM is especially useful when communicating your longing for something or someone online.
For MM we have found 500 definitions.
To avoid confusion, use any and all abbreviations consistently throughout all your financial records. While you can make MM stand for millions of anything, it’s important that the reader knows whether you’re talking about dollars, euros, units shipped, etc. If, say, you use it for both units and dollars in the same document, separate the different categories so your readers don’t get confused. Rather than use the barred M, however, accounting went with MM as an abbreviation for a million. For example, 1MM equals 1 million, $34MM equals $34 million and so on.
The use of two m’s to denote millions is becoming less common. Frequently, in finance and accounting settings now, an analyst will use k to denote thousands and a capitalized M to denote millions. The Latin numeral MM is frequently used to designate that the units used in presenting information (financial and non-financial) are in millions.
How much money is 5mm?
In fact, it’s one of our most what is mm asked questions. Here’s why you’re confused and what to do about it. In the oil and gas industry, the prefix “M” stands for “one thousand.” Thus, “MM” is “M multiplied by M,” or one million. A millimeter is usually the smallest unit you can measure using a regular ruler. However, there are many units smaller than a millimeter. The smallest unit of measuring length is Planck Length.
Frequently, in finance and accounting, an analyst will use k to denote thousands and a capitalized M to denote millions. Simply put for our industry, BTU is a measure of the energy content of a fuel, in this case, natural gas. It is the measurement of the rate of flow for natural gas and is written as per day or per minute . Barrels per day may also need to be converted to a different scale of gallons per minute or GPM. This is a fluid flow rate of production rather than a measure of volume like BBL.
Of course, everyone’s retirement goals are different. Some people are content with a more modest lifestyle, while others want to continue living the lifestyle they did before they retired. Romanian abbreviation for word “mortii matii” which is an insult. Usually a test of skill against another person, this forces each player to be more serious about competing against each other once money is on the line. Use the citation options below to add these abbreviations to your bibliography.
There is a lot of paperwork involved in money and finance. Because of this, it is common to use abbreviations for various values and variables within this area. Thus, it is important to be familiar with various abbreviations within this area of study in order to perform accurate analyses and solutions. DisclaimerAll content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only.