Billion: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Align example with ACT Glossary.) |
(Add links.) |
||
| (6 intermediate revisions by one other user not shown) | |||
| Line 3: | Line 3: | ||
One thousand million (1,000,000,000 or 10<sup>9</sup>). | One thousand million (1,000,000,000 or 10<sup>9</sup>). | ||
For example | For example: | ||
EUR | EUR 456 billion = EUR 456,000,000,000. | ||
Often abbreviated to 'bn' or 'Bn'. For example EUR | Often abbreviated to 'bn' or 'Bn'. For example EUR 456bn. | ||
2. | 2. | ||
Historically in the UK and some other countries | 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 == | ||
* [[Crore]] | |||
* [[Lakh]] | |||
* [[Milliard]] | |||
*[[Quadrillion]] | |||
* [[Trillion]] | * [[Trillion]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 17:55, 14 March 2024
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.
