Definition of Mill

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TeachMeFinance.com - explain Mill



Mill

The term 'Mill' as it applies to the area of energy can be defined as ' A monetary cost and billing unit used by utilities; it is equal to 1/1000 of the U.S. dollar (equivalent to 1/10of 1 cent)'.

The term 'Mill' as it applies to the area of reclamation can be defined as ' Monetary cost and billing unit used by utilities; equal to 1/1000 of U.S. dollar (or 1/10 of one cent)'.


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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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