rhizoverbBeta
DictionarymilMonetary subdivision
noun

mil

One thousandth of a currency unit.

The accounting example divides a dollar into a thousand mils.

Etymology
milLatinthousand

The Latin number thousand underlies this small-denomination name. The monetary unit represents one of a thousand equal parts of the main currency unit.

More examples

  • One mil represents a tiny fraction of the currency unit.
  • The historical price was recorded in mils.
  • They converted the amount from mils to cents.

Forms

mil · mils