True. The letter is described to present "1000". The prefix "kilo" is obtained from the Greek native chilioi or khilioi. The short kind was supplied for the metric system.

I still remember the an initial time i heard that "K" provided for 1000 various other than kilogram or kilometre was as soon as the "Y2K" bug threatened the entire world! ns was curious to know and discovered the it to be "Year 2000 bug". Due to the fact that then, making use of "K" because that a thousand (anything) hasn"t to be an uncommon usage.

Good read is here on a math Forum

You are watching: What does k stand for in money terms

The SI prefix because that a thousands is kilo-, official abbreviated as k—for instance, prefix to "metre" or that is abbreviation m, kilometre or km signifies a thousands metres. Together such, civilization occasionally stand for the number in a non-standard notation by replacing the last 3 zeros of the general numeral through "k": for instance, 30k for 30,000.

Also, in computers K way 2**10 (two to the 10th power) = 1024. Yet in price (or miles on car) it way 1000.

As such, people occasionally stand for the number in a non-standard notation by replacing the last three zeros of the basic numeral v "K": for instance, 30K because that 30,000.

Highly active question. Earn 10 call (not counting the combination bonus) in order to answer this question. The reputation requirement helps protect this inquiry from spam and non-answer activity.

## Not the prize you're feather for? Browse various other questions tagged numbers abbreviation or questioning your own question.

See more: What Is The Difference Between Varsity And Junior Varsity ? Difference Between Jv And Varsity

site design / logo © 2021 stack Exchange Inc; user contributions licensed under cc by-sa. Rev2021.11.1.40614

her privacy

By clicking “Accept all cookies”, friend agree ridge Exchange deserve to store cookies on your an equipment and disclose information in accordance with our Cookie Policy.