Billion and RFFV: Difference between pages

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imported>Doug Williamson
(Qualify as most practical purposes.)
 
imported>Doug Williamson
(Create the page. Source: The Treasurer March 2015 page 35.)
 
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1.
Ring-fenced financing vehicle.
 
One thousand million (1,000,000,000 or 10<sup>9</sup>).
 
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 10<sup>12</sup>).
 
This historical usage never became well-established in finance, and is now - for most practical purposes - defunct.
 
 
== See also ==
* [[Trillion]]

Revision as of 16:41, 7 March 2015

Ring-fenced financing vehicle.

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