Mill (currency)
The mill or mille (₥) (sometimes mil in the UK, when discussing property taxes in the United States, or previously in Cyprus and Malta) is a now-abstract unit of currency used sometimes in accounting. In the United States, it is a notional unit equivalent to 1⁄1000 of a United States dollar (a tenth of a cent). In the United Kingdom it was proposed during the decades of discussion on the decimalization of the pound as a 1⁄1000 division of the pound sterling. Several other currencies used the mill, such as the Maltese lira.
The term comes from the Latin "millesimum", meaning "thousandth part".
Read more about Mill (currency): Similar Units
Famous quotes containing the word mill:
“—First a shiver, and then a thrill,
Then something decidedly like a spill,—
And the parson was sitting up on a rock,
At half-past nine by the meet’n’-house clock,—
Just the hour of the Earthquake shock!
MWhat do you think the parson found,
When he got up and stared around?
The poor old chaise in a heap or mound,
As if it had been to the mill and ground!”
—Oliver Wendell Holmes, Sr. (1809–1894)