MEUR is an abbreviation for "Million Euros," a financial term used to represent a value equivalent to one million euros. The term "MEUR" combines the standard abbreviation for million (M) with the currency code for euro (EUR). It is commonly used in financial and business contexts to indicate amounts or values denominated in millions of euros.
The euro (EUR) is the official currency of numerous European Union countries. It is widely used in international trade and financial transactions. As the euro is a significant currency and one million euros is a substantial amount, the term "MEUR" is employed to simplify the description and representation of large monetary figures.
In practice, the term "MEUR" is frequently encountered in financial reports, investment presentations, budget planning, and economic analyses. It is used as a shorthand notation to streamline the communication of financial information and eliminate the need for lengthy descriptions or written-out figures.
For example, if a company's revenue is reported as 100 MEUR, it means that the total revenue generated by the company is 100 million euros. Similarly, if an investment project costs 50 MEUR, it implies that the project's total expenditure amounts to 50 million euros.
Overall, "MEUR" serves as a convenient and efficient method for denoting a value of one million euros in various financial, business, and economic contexts.
