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:
“I was thinking what an interesting concept it is to eliminate the writer from the artistic process. If we can just get rid of these actors and directors, maybe we got something here.”
—Michael Tolkin, U.S. screenwriter, and Robert Altman. Griffin Mill (Tim Robbins)