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"A grand" usually refers to $1,000.00
One grand is a slang term for one thousand dollars. Therefore, if someone refers to a "grand," they are talking about $1,000.
K in this context is short for the prefix of "Kilo-". Many years ago (some still recognize) "G" (from "Grand") meant a thousand (usually dollars). How did Grand come to mean a $thousand? Not too sure. Once it was a grand sum...
Grand is another way of saying thousand. 30 grand is equal to 30,000.
1000000 / 1000 = 1000 A thousand thousands is called a million dollars.