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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.
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.
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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.
That line may be expressed, for instance, as $5MM what is mm and $15MM aggregate. If the company sells 26,000 units, the accountant can record that as 26M units. If net income runs to $6,500,000, it goes on the books as $6.5MM. The MM abbreviation works whether the entry is in dollars, some other currency or millions of items or customers. The number for barrels of oil per day can refer to anything from a global amount produced to a single production field so the numbers can vary wildly.
What is the full form of mm ?
We have measures like meters and kilometers to express bigger distances, like the distance between two cities, the height of mountains, lengths of rivers, etc. However, the length of the wheat grain, the size of an ant, the thickness of a paper, etc., are some measures we find difficult to express in bigger units of measurement like meters. Here, millimeters help us accurately express their length.
What does MM stand for in text?
During chat and text conversations, MM sometimes stands for "make me." If someone asks you to do something that you really don't want to do, you can respond with MM to tell that person off.
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.