The Minute reference article from the English Wikipedia on 24-Apr-2004
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Minute

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A minute is:

The symbol for a minute of time is min.

The symbol for a minute of arc is a prime (′) (U+2032, ′). For example, fifteen minutes could be written 15′. However, more commonly an apostrophe, or single quote (U+0027), is used.

The Earth turns on its polar axis through fifteen minutes of arc in every minute of time. A minute of arc at the Earth's equator is approximately a nautical mile.

See also the "orders of magnitude" list that contains the minute