In finance, the letter “K” is often used as a shorthand to represent thousands. For example, “50K” would mean $50,000 and “100K” would mean $100,000. The capitalization of the “K” is used to indicate thousands, lowercase “k” is used to indicate thousands of dollars in some context, like salary.
It’s also commonly used in stocks, earning reports, and other financial contexts to represent thousands or millions of dollars. For example, a company’s revenue may be reported as “500K” meaning $500,000 or “50M” meaning $50,000,000.
It’s important to note that this notation is only a shorthand and the exact meaning should be clear from the context in which it is used. Always pay attention to the context and consult with a financial advisor before making any investment decisions based on the numbers or figures.