what does k mean in money

True. 1K means $1,000 while 100K stands for $100,000. Investing in a 4K TV now is a good idea, because they have dropped in price significantly Credit: LG. If you also have this thing in your mind and you do not know about them then this post is for you. Therefore, “K” is used for thousand. 100k= 100 thousand (100,000). Kilo is the Greek prefix for thousand, so strictly speaking one might use “10K” to mean $10,000. Find out what is the full meaning of 80K on Abbreviations.com! However, when you get to computer network speeds, they tell me–I claim no personal expertise–that kilo (as in kilobits per second) = 1,000. mean? : ??? 'K' is short for 1,000. Can ask simple questions and can understand simple answers. Kilo is the Greek prefix for thousand, so strictly speaking one might use “10K” to mean $10,000. During WWII, the Yanks brought the term to the UK, where it came to mean £1,000. As such, people occasionally represent the number in a non-standard notation by replacing the last three zeros of the general numeral with "k": for instance, 30k for 30,000. Now we can say we get info with this article the origine of letter K in numbers and the origin in word kilo in all latin language. Melville's chain of thought in the "great democratic God" passage in "Moby-Dick", Numbers which use three times as many digits in base 2 as in base 10. What Joe Biden's Tax Proposal Could Mean for Your 401(k) Retirement ... A deduction takes money off the top of your income, whereas a credit doesn’t lower your income but gives you a dollar-for-dollar offset for your taxes, says Bill Schwartz, certified financial planner and managing director at … We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. ), The Secret Science of Solving Crossword Puzzles, Racist Phrases to Remove From Your Mental Lexicon. When talking about millions of dollars, it is acceptable to use two decimal places ($30.58MM). If you are amazed to know the origin of this letter, share this article with your friends and loved ones. Actually, in our mind letter “K” stands for a thousand but most of us or we can say that all of us don’t know why does it stand for a thousand. Will 5G Impact Our Cell Phone Plans (or Our Health?! How should I visualize the average of two bars in a bar chart? Why is it wrong to answer a question with a tautology? The derivation is obvious. Georgia doing "hand recount" of 2020 Presidential Election Ballots. Another term that refers to a thousand is a thou, which was first recorded in 1869, and is still in use. This also saves space and takes less time.

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