This is the 582nd most frequent Icelandic word.
milljón
"Milljón" means "million" in English.
The word 'milljón' is used as a noun representing the numerical value of one million.
Ég vann milljón krónur í happdrætti.
I won a million krónur in a lottery.
Here, 'milljón' is used metaphorically to express a vast quantity, not a literal count.
Það eru milljón ástæður fyrir því að ég elska Ísland.
There are a million reasons why I love Iceland.
In this sentence, 'milljón' describes the amount of the monetary grant specified.