Billion: Difference between revisions
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Revision as of 12:25, 15 February 2018
1.
One thousand million (1,000,000,000 or 109).
For example:
EUR 456 billion = EUR 456,000,000,000.
Often abbreviated to 'bn' or 'Bn'. For example EUR 456bn.
2.
Historically - in the UK and some other countries - 'billion' used to refer mathematically to 1,000,000,000,000 (or 1012).
This historical usage never became well-established in finance, and is now - for most practical purposes - defunct.
