The term "millions" refers to the numerical value of one million, which is represented as 1,000,000. It is often used to describe large quantities, such as populations, financial figures, or items. For example, a city like New York may have millions of residents, indicating a vast number of people living there. In finance, millions are commonly used to express monetary amounts. For instance, a company might report earnings of several million dollars, highlighting its financial success. This scale helps to convey the significance of the figures involved, making it easier to understand large sums in everyday contexts.