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Billion is a word for a large number, and it has two distinct definitions: 1,000,000,000 , i.e. one thousand million , or 10 9 (ten to the ninth power ), as defined on the short scale . This is now the most common sense of the word in all varieties of English; it has long been established in American English and has since become common in ...
Each of these words translates to the American English or post-1974 British English word billion (10 9 in the short scale). The term billion originally meant 10 12 when introduced. [7] In long scale countries, milliard was defined to its current value of 10 9, leaving billion at its original 10 12 value and so on for the larger numbers. [7]
Many people have no direct experience of manipulating numbers this large, and many non-American readers may interpret billion as 10 12 (even if they are young enough to have been taught otherwise at school); moreover, usage of the "long" billion is standard in some non-English-speaking countries. For these reasons, defining the word may be ...
The naming procedure for large numbers is based on taking the number n occurring in 10 3n+3 (short scale) or 10 6n (long scale) and concatenating Latin roots for its units, tens, and hundreds place, together with the suffix -illion. In this way, numbers up to 10 3·999+3 = 10 3000 (short scale) or 10 6·999 = 10 5994 (long scale
The debt level is projected to dip by $54 billion that day due to the scheduled redemption of certain securities, according to a letter Treasury Secretary Janet Yellen sent to congressional ...
One billion years may be called an eon in astronomy or geology. Previously in British English (but not in American English), the word "billion" referred exclusively to a million millions (1,000,000,000,000). However, this is not common anymore, and the word has been used to mean one thousand million (1,000,000,000) for several decades. [5]
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Lilly is now up 32% year to date, with a market cap of $689.5 billion, meaning it would need to grow by 45% to get to $1 trillion. However, a look at Eli Lilly's recent results shows why that's ...