Mill or mill means a machine or device, large or small, for grinding grain or some other substance, or for producing fabric, paper, steel, lumber, or some other types of goods--
There is an old water-powered grist mill nearby that you might like to visit.
The lumber mill doesn't hire teenagers; it's too dangerous.
Mil or mil ( rhymes with mill ) means one tenth of a cent, or one thousandth of a dollar, usually for property tax purposes--
We are considering a property tax increase of one mil per dollar of assessed value.
Mil also means one thousandth of an inch--
He needs one mil wire for this job.
Now that you know that, you can say--
"The only offer we had for the old mill was at one mil to the dollar."
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