mil (n.)

"ten hundred thousand, a thousand thousands," late 14c., milioun, from Old French million (late 13c.), from Italian millione (now milione), literally "a great thousand," augmentative of mille "thousand," from Latin mille, which is of uncertain origin. From the start often used indefinitely for "a very great number or quantity."

In the West it was used mainly by mathematicians until 16c., but India, with its love of large numbers, had names before 3c. for numbers well beyond a billion. The ancient Greeks had no name for a number greater than ten thousand, the Romans for none higher than a hundred thousand. "A million" in Latin would have been decies centena milia, literally "ten hundred thousand." Million to one as a type of "long odds" is attested from 1761. Related: Millions.

"by the hundred;" with a preceding numeral expressing a proportion of the whole amount, 1560s, per cent, from Modern Latin per centum "by the hundred" (see per and see hundred). Until early 20c. often treated as an abbreviation and punctuated accordingly.

"one-tenth of a cent," 1786, an original U.S. currency unit but now used only for tax calculation purposes, shortening of Latin millesimum "one-thousandth part," from mille "a thousand" (see million). Formed on the analogy of cent, which is short for Latin centesimus "one hundredth" (of a dollar). Compare mil.