Numeric Terms

Billion
The term 'billion' has historically had different definitions in the USA and the UK. It once meant one million million (10^12) in the UK and one thousand million (10^9) in the USA. However, it is now almost universally accepted to mean one thousand million (10^9).

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.