How Do You Spell MILLESIMAL?

Pronunciation: [mˈɪlɪsˌɪmə͡l] (IPA)

Millesimal is a term that describes a system of measurements using one-thousandth parts. The word is spelled as /mɪˈlɛsɪməl/, pronouncing each syllable individually. The first syllable is pronounced as "mi" (like in "milk") followed by "les" (like in "lesson"). The emphasis is on the second syllable, which is pronounced as "i" (like in "it"). The last syllable is pronounced as "mal" (like in "mall"). The term is commonly used in real estate, finance, and taxation to describe fractions or percentages of ownership or value.

MILLESIMAL Meaning and Definition

1. Millesimal is an adjective that refers to a system of calculation or measurement based on dividing into a thousand parts. It is derived from the term "millesimal fraction", which is a mathematical term denoting a quantity or proportion expressed as a fraction of one thousand.

   In various fields such as finance, real estate, and law, the millesimal system is commonly used to represent ownership or rights in a property or organization. In this context, millesimal is used to describe the division of ownership or voting power into thousandths. It is often seen in reference to condominiums or shared ownership properties, where each owner is allocated a specific number of millesimals representing their share in the overall property.

   The millesimal system allows for precise and equitable distribution of ownership, as it enables accurate calculations and allocations. It ensures that each party's interest is proportionately represented and facilitates decision-making processes based on voting rights.

   Moreover, millesimal is frequently utilized in the insurance industry to quantify the coverage or liability of a policyholder. It denotes the percentage of risk assumed by the insurance company or the insured individual, calculated based on dividing the total value of the risk into one thousand parts.

   In summary, millesimal is an adjective that describes a system of measurement, ownership allocation, or risk calculation that involves dividing into one thousand parts. It is commonly used in various sectors, especially in real estate, finance, and insurance.

2. Consisting of thousandth parts.

   Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.

Common Misspellings for MILLESIMAL

• nillesimal
• killesimal
• jillesimal
• mullesimal
• mjllesimal
• mkllesimal
• mollesimal
• m9llesimal
• m8llesimal
• miklesimal
• miplesimal
• miolesimal
• milkesimal
• milpesimal
• miloesimal
• millwsimal
• millssimal
• milldsimal
• millrsimal
• mill4simal

Etymology of MILLESIMAL

The word "millesimal" is derived from the Latin word "millesimus", which means "one-thousandth". In English, "milli-" is a prefix indicating one-thousandth, and it is commonly used in various scientific and mathematical terms. The word "millesimal" specifically refers to a system of measuring or expressing something in thousandths.

Plural form of MILLESIMAL is MILLESIMALS