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TeachMeFinance.com - explain Mill Mill The term 'Mill' as it applies to the area of energy can be defined as ' A monetary cost and billing unit used by utilities; it is equal to 1/1000 of the U.S. dollar (equivalent to 1/10of 1 cent)'. The term 'Mill' as it applies to the area of reclamation can be defined as ' Monetary cost and billing unit used by utilities; equal to 1/1000 of U.S. dollar (or 1/10 of one cent)'. Previous 5 Terms: Military Treatment Facility Military use Milk equivalent Milk marketing orders Milk-feed price ratio Next 5 Terms: Mill capital Mill feed Mill tailings Milli Milli- About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.