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What is the origin of the Millennium Falcon's name, within Disney canon?

Obviously the falcon is in reference to the bat-falcon (as per Why is it called the Millennium Falcon?) but what about the 'millennium' part?

marked as duplicate by Rogue Jedi, Null, Jason Baker, Ward, ibid Jan 17 '16 at 8:26

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    I'm looking specifically for Disney Canon only. – AncientSwordRage Jan 16 '16 at 23:51
  • @richard does that question cover Disney Canon? – AncientSwordRage Jan 17 '16 at 7:22
  • As far as I'm aware, there's no explanation within the Disney Canon, period. – Valorum Jan 17 '16 at 7:53
  • Voted to reopen; not a duplicate, since this question is restricted to Disney canon. – SQB Jan 17 '16 at 11:20