One billionth of a unit
Nano- comes from Greek "nanos" (dwarf) and in the International System of Units (SI) means one billionth (10⁻⁹): nanometer = one billionth of a metre (the scale of atoms and molecules); nanosecond = one billionth of a second. It is the SI power prefix that follows micro- (10⁻⁶) on the decreasing scale.