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billion

[Fr. bi, two, + million, million]
1. In the U.S., billion is a number equal to 1 followed by 9 zeros (1,000,000,000) or (109).
2. In Europe, billion is a number equal to 1 followed by 12 zeros (1012), that is, bi-million, or twice the number of zeros in a million (106).
References in periodicals archive ?
At the time of its demise, the FSLIC was in the red by approximately 87 billion, according to the General Accounting Office.
7 billion, increasing its reported deficit to at least $18 billion.
Raising excise taxes on cigarettes and alcohol will undoubtedly depress sales in the long run and hence free up many of these billions for the rest of the economy.
Putting more money into these agencies could save billions.