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The mill or mille (sometimes mil in the UK or when discussing property taxes in the United States) 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).

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8y ago

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You answered your own question. Being that one cent, or possible a 1/2 cent is the smallest monetary denomination, there is no special term for any smaller fraction.

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8y ago
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A thousandth.

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8y ago
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Q: What is one tenth of a cent called?
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