The abbreviation, K, comes from the Greek " χίλιοι " ("khilioi"), KILO, which means thousand.
So,
* one kilogram is 1,000 grams
* one kilometer is 1,000 meters
* one kilowatt is 1,000 watts
* one kilojoule is 1,000 joules
* one K is one thousand dollars, or $1,000
So, if a guitar is "two K" that means it costs two thousand dollars. Five K would be five thousand dollars, and so on. Hope this helps.5k would mean 5, 000 because k means a thousand. 5 times 1, 000 is equal to 5 thousand Dollars, Pounds sterling, Naira, and so on.
There are lots of other abbreviations for money. Fin, c note, etc. Check out this link for some other money references:
http://forum.wordreference.com/showthread.php?t=87922
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