Business Dictionary :
From Billion to HOME PAGE
Billion : noun : number one thousand million or one million million
In the US It means 1,000 million.
But in GB it usually means one million million.
With figures it is usually written as bn.
$5bn says five billion dollars.
QUOTE : Gross wool receipts for the selling season to end June 30 appear likely to top $2 billion.
(Australian Financial Review)
QUOTE : At its last traded price the bank was capitalized at around $1.05 billion.
(South China Morning Post)