Abbreviation for Million and Thousand: K & MM Meaning

mm meaning money

You don’t want your partner to find out about your extracurricular activities, so you have to be careful about who you talk to and where you go. This can be stressful, but it’s a necessary part of the MM lifestyle. In this article, we’ll dive deeper into the MM meaning and explore its https://www.bookstime.com/ origins. We’ll also discuss how MM is used in different contexts and provide some examples of how it is used in everyday conversation. So, whether you’re new to the world of texting slang or just looking to expand your vocabulary, keep reading to learn more about the meaning of MM.

  • You might hear something along the lines of “He dropped a couple mil on a new car,” or perhaps “How many mils is that house?
  • These firms invest the money available in their client’s accounts in MM instruments that provide an additional investment return to their client’s money.
  • It could be that you’re not getting what you need from your current relationship, or you’re simply looking for some excitement and adventure.
  • The cost of goods sold was $300,000,000, and the operating expenses were $80,000,000.
  • In this example, we intentionally chose a piece of analysis that contained various different units, such as dollars and shares.

Many investors prefer to park substantial amounts of cash in such funds for the short term. However, money market funds are not suitable for long term investment goals, like retirement planning. A money market fund is a mutual fund investment that holds short-term treasuries and other money market instruments. A money market account is a bank product that credits depositors a rate of interest. Today, money market funds have become one of the core pillars of the present-day capital markets. For investors, they offer a diversified, professionally-managed portfolio with high daily liquidity.

Types of Money Market Funds

To prevent this from happening again, in 2010—in the aftermath of the 2008 financial crisis—the SEC issued new rules to better manage money market funds. One of the primary reasons for the popularity of money market funds is their maintenance of the $1 NAV. This requirement forces the fund managers to make regular payments to investors, providing a regular flow of income for them. It also allows easy calculations and tracking of the net gains the fund generates. Some money market funds are targeted to attract institutional money with a high minimum investment amount (oftentimes $1 million). Still, other money market funds are retail money funds and are accessible to individual investors as a result of their small minimums.

  • Many married men struggle with mental health issues such as depression and anxiety.
  • In 2008, following the bankruptcy of Lehman Brothers, the venerable Reserve Primary Fund also broke the buck.
  • To prevent this from happening again, in 2010—in the aftermath of the 2008 financial crisis—the SEC issued new rules to better manage money market funds.
  • It can also stand for “money making Mitch,” a reference to the character from the movie Paid in Full.
  • In a sexual context, MM stands for “married man.” It is often used by individuals who are having an affair with a married man or woman.

They are insured by the Federal Deposit Insurance Corporation (FDIC), and they typically have limited transaction privileges. In finance and accounting, MM (or lowercase “mm”) commonly denotes that the units of figures presented are what does mm mean in millions. In this context, MM is the same as writing “M multiplied by M,” which is equal to “1,000 times 1,000,” which equals 1,000,000 (one million). Commercial paper has become a common component of many money market funds.

Everything You Need To Master Financial Modeling

This market is not that heavily regulated since most of its players can be considered professional investors. Also, most transactions are settled over-the-counter and the size of each transaction is regularly high. This market has become more accessible to the investing public indirectly, through money market accounts and MM funds offered by financial services firms.

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