this post was submitted on 27 Aug 2024
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As someone who doesn't speak native English, is $40mm
MM is a common abbreviation for millions in finance and accounting. Not usually used colloquially, but it’s not wrong.
M is roman numerals for thousands, so MM is a thousand thousands = million.
If it were Roman numerals that would be two thousand for the same reason II is two ones...
I'm not a finance bro, just pointing out where it comes from.
https://corporatefinanceinstitute.com/resources/fixed-income/mm-millions/
I think this says that IF MM is to be interpreted as roman numerals, then MM is additive and means two thousand, whereas IF MM is to be interpreted as the ad hoc finance unit, then it denotes millions
M also denotes the metric prefix Mega, which means a million of something.
Million moneys
As someone who does speak English, I'm pretty sure it must mean 40 millimeters of dollars.
Dammit. Still larger than what I have.
As someone who does speak native English, no clue. My best guess is that it is a typo. I think it was supposed to be $40m.