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The Indian numbering system uses the named numbers common between the long and short scales up to ten thousand. For larger values, it includes named numbers at each multiple of 100; including lakh (10 5) and crore (10 7). [1] English also has words, such as zillion, that are used informally to mean large but unspecified amounts.
A similar system is used in natural gas sales in the United States: m (or M) for thousands and mm (or MM) for millions of British thermal units or therms, and in the oil industry, [30] where MMbbl is the symbol for "millions of barrels". This usage of the capital letter M for "thousand" is from Roman numerals, in which M means 1000. [31]
Milli (symbol m) is a unit prefix in the metric system denoting a factor of one thousandth (10 −3). [1] Proposed in 1793, [2] and adopted in 1795, the prefix comes from the Latin mille, meaning one thousand (the Latin plural is milia). Since 1960, the prefix is part of the International System of Units (SI).
the long scale — designates a system of numeric names formerly used in British English, but now obsolete, in which a billion is used for a million million (and similarly, with trillion, quadrillion etc., the prefix denoting the power of a million); and a thousand million is sometimes called a milliard. This system is still used in several ...
Commas are used when grouping by thousands. In India, due to a numeral system using lakhs (lacs) (1,23,456 equal to 123,456) and crores (1,23,45,678 equal to 12,345,678), a comma is used at levels of thousand, lakh, and crore. For example, 10 million (1 crore) would be written as 1,00,00,000.
In a separate episode, Soprano states: "This whole thing is going to cost me close to a rock." Another slang term for a million dollars is an "M", as used in rap songs. Financial institutions and applications will often use "MM" when writing shorthand for a million dollars, as a million is the product of the Roman numeral "M" (1000) times itself.
Some oil companies, particularly those based in Europe, use kb (kilobarrels, one thousand barrels), mb (megabarrels, one million barrels), and gb (gigabarrels, one billion barrels). The lower case m is used to avoid confusion with the capital M used for thousand. For the same reason, the unit kbbl (one thousand barrels) is also sometimes used.
m is the standard abbreviation for metre (or meter) in the International System of Units (SI). [4] However, m is also used as an abbreviation for mile. [5] M is used as the unit abbreviation for molarity. [4] With money amounts, m or M is ambiguous. In the finance industry, [6] m or M means 1,000. In this context, five million dollars is ...