Billion: Difference between revisions
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Historically in the UK and some other countries, 'billion' used to refer mathematically to 1,000,000,000,000 (or 10<sup>12</sup>). | Historically in the UK and some other countries, 'billion' used to refer mathematically to 1,000,000,000,000 (or 10<sup>12</sup>). | ||
This historical usage never became well-established in finance, and is now - for practical purposes - defunct. | This historical usage never became well-established in finance, and is now - for most practical purposes - defunct. | ||
== See also == | == See also == | ||
* [[Trillion]] | * [[Trillion]] | ||
Revision as of 22:49, 17 December 2015
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.
