Meaning of hectomillion | Babel Free

Definitions

Hundred million.

rare

Examples

“First Investors, one of the junk bond emporia, managed two mutual funds: the High Yield and the Income Fund. An investment of $10,000 in a typical sample of Standard & Poor’s 500 stocks in fourth quarter 1988 would have yielded about $12,000 today, after a high of $14,500 a year ago. […] Michael Milken, the arachnid at the center of the tangled web of institutions like First Investors, will continue to enjoy the benefits of hectomillions after he gets around to serving his prison sentence.”

“Several may have the same number of hectomillions. They want to know how many hectomillions the richest and poorest among the 20 have and how big those rich and poor subgroups are. […] “Well, I’d start by labeling each mailbox with a hectomillion (1 hectomillion, 2 hectomillions, …, 100 hectomillions) and would lay them out in that order,” Liane responded. […] Imagine again that each person maintains 100 buckets, one for each number of hectomillions between $100 million and $10 billion. […] If person i has M hectomillion dollars, he will make the sum over j of n[M, i, j] be 1 mod 31. […] Imagine that the total for a bucket q is 1. That means that exactly one person has q hectomillion dollars, since all other contributions will cancel out. If the total is 8, say, then eight people have q hectomillion dollars.”

“Why is the word “centmillion” incorrect? / Centimillion is a word sometimes incorrectly used to mean 100 million (10⁸). But the metric prefix “centi-” means 1/100, not 100. There are ways to name this number: 100 million could be called a hectomillion; in the United States, it could be called a decibillion.”

““How will we house the next hundred million Americans?[…]” —President Richard Nixon, 1969 / President Nixon didn’t live to see his questions answered, but this week the U.S. population surpassed the 300 million mark. And surprisingly, given the tenor of the reaction to the last hectomillion milestone, reached in 1967, the 300 millionth American was not greeted with the same wailing and gnashing of teeth as the 200 millionth.”

“The 11 largest-populated nations, therefore, represent 61% of the world’s population and 57% of its economy. The United States and Japan are extremely wealthy; Nigeria, Bangladesh, and Pakistan are not. In fact, the U.S., in October 2006, passed a new hectomillion mark! […] The first hectomillion mark was passed in 1915. The fourth hectomillion mark will be passed in 2050, or perhaps a good deal sooner than that. Moreover, the demographic mix within those hundred-millions is dramatically different today.”

CEFR level