Mill [1]
Mill [1] : An informal unit of quantity or of proportion, equal to 0.001. When Congress established the U. S. monetary system in 1791, it provided for 10 mills to the cent and 100 cents to the dollar; thus the mill was an amount of money equal to $0.001. Although the mill is unfamiliar now as a monetary unit, it has come to represent a one thousandth part as a proportion. Many towns in the United States set their property tax rates in mills, for example
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