Q:

# What does K mean in money?

A:

When talking about money, the letter K after a number denotes thousands. 1K means \$1,000 while 100K stands for \$100,000. Both uppercase and lowercase K's are generally accepted and recognized.

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The letter always follows the number. Sometimes the dollar sign is included, but it is not necessary. When discussing numbers that do not easily round to a thousand, use a decimal point with one number after the decimal. For example, \$12,555 can be expressed as \$12.5k.

The letter M is also used when discussing money. "MM" and "M" both stand for "million." Therefore, \$30MM is thirty million dollars. When talking about millions of dollars, it is acceptable to use two decimal places (\$30.58MM).

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