answersLogoWhite

0

The letter "K" is derived from the Greek word "kilo," which means thousand. In finance and accounting, "K" is commonly used as an abbreviation for thousand, particularly in the context of money and large numbers, to simplify notation. For example, $10K refers to $10,000, making it easier to read and write large amounts succinctly. This shorthand is widely recognized in various fields, including business and finance.

User Avatar

AnswerBot

1w ago

What else can I help you with?