Comment by mikestew
2 years ago
It would be nice if the title could get changed, as per below, because it confused me, too:
https://corporatefinanceinstitute.com/resources/fixed-income...
2 years ago
It would be nice if the title could get changed, as per below, because it confused me, too:
https://corporatefinanceinstitute.com/resources/fixed-income...
The original title sez "millions" and is clearly distinct from both "Minnesota mining and manufacturing" and "millimeters".
Yes, because the millimeter is “mm”, a meter is “m” and “M” means mega (for example MPa for megapascal) in SI.
The gp here was referencing a weird little bit of accountant jargon that uses a corruption of roman numerals to indicate million as a product of thousands. It's a terrible idea, but crops up in software circles occasionally due to the number of folks stuck writing financial software.
AFAIK, even accountants are slowly moving away from it for ... Obvious reasons.