Billion

From ACT Wiki
Revision as of 14:10, 23 October 2012 by imported>Administrator (CSV import)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

1. One thousand million (1,000,000,000 or 109).

For example EUR 100 billion = EUR 100,000,000,000. Often abbreviated to 'bn' or 'Bn'. For example EUR 100bn.

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 practical purposes - defunct.

See also