Business Dictionary :

Billion

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Billion : noun : number one thousand million or one million million


NOTE :


In the US It means 1,000 million.


But in GB it usually means one million million.


With figures it is usually written as bn.


$5bn says five billion dollars.


QUOTE : Gross wool receipts for the selling season to end June 30 appear likely to top $2 billion.
(Australian Financial Review)


QUOTE : At its last traded price the bank was capitalized at around $1.05 billion.
(South China Morning Post)