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billion

1. one thousand million: it is written as 1 000 000 000 or 109
2. (formerly, in Britain) one million million: it is written as 1 000 000 000 000 or 1012
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Billion

 

(in Russian, usually milliard), a thousand millions; a number represented by the figure 1 followed by nine zeros—that is, the number 109 In certain countries (for example, Germany), a billion is a number equal to 1012.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.

billion

[′bil·yən]
(mathematics)
The number 109.
In British usage, the number 1012.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.

billion

One thousand millions, or 1 followed by nine zeros (10 to the 9th power). In long scale usage, billion refers to a million millions, or 1 followed by 12 zeros (10 to the 12th power). See space/time and long scale.
Copyright © 1981-2019 by The Computer Language Company Inc. All Rights reserved. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction is strictly prohibited without permission from the publisher.
References in periodicals archive ?
The deficit will grow to Sh607.8 billion from Sh559 billion this year, which means that the government will be forced to borrow more to plug the shortage.Most of the money will go to running of the government after Sh1.7 trillion was set aside for recurrent expenditure, which finances salaries, fuel for cars, stationery and refreshments.
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That's precisely what prompted Dozier to devote $6 billion of his budget to Ryan White programs, with $1 billion of that earmarked for the AIDS Drug Assistance Program, which provides free antiretrovirals to uninsured and underinsured HIV patients.
ExpressJet Airlines reported for its second-quarter for the three months ended June 30, RPMs were up 21.4% to 2.7 billion while ASMs rose 11% to 3.3 billion, sending load factor up 6.9 points to 81%.
Pinnacle Airlines flew 1 billion RPMs in the quarter, up 2%, with ASMs dipping 8% to 1.3 billion.
"It calls for spending more than $6 billion for replacing fighter aircraft that already are the best in the world." Other procurement items are equally unnecessary, he says.
Defense Secretary William Cohen announced that the Administration would spend $6.6 billion over the next five years on a national missile defense system to guard against intercontinental ballistic missiles (ICBMs).
The leadership initially hoped to cut $100 billion by 2000, but eventually settled for reducing expected Federal outlays by $80 billion, with average savings of $16 billion per year -- numbers that may have been more thoroughly massaged by the time you read this.
At the time of its demise, the FSLIC was in the red by approximately 87 billion, according to the General Accounting Office.
The unctuous-looking salesman in the magazine ad offers the reader a bottle labeled "Securities Transaction Excise Tax." The advertiser is Merrill Lynch, and the accompanying text warns that such a new tax on stock and bond trades "could have a very damaging effect on the financial markets and the economy." Merrill Lynch says that the tax's side effects would include "a $25 billion reduction in the Gross National Product" and "a 250,000 person increase in unemployment." In a similar effort, Anheuser-Busch is running TV ads suggesting that increasing the tax on beer would destroy all those golden moments featured in its regular commercials.
Out of the total Rs 416 outstanding billed and un-billed GIDC the government will waive off half or Rs 208 billion to fertilizer, IPPs, industries, Gencos /K-Electric, captive power and CNG sectors, official document revealed.