Lakh
From Free net encyclopedia
A lakh (also spelled lac, lacs, lacks or laksha) is a unit in a traditional number system, still widely used in Bangladesh, India, Myanmar, Sri Lanka, and Pakistan. One lakh is equal to a hundred thousand (105). A hundred lakhs make a crore or ten million.
This system of measurement also introduces separators into numbers in a place that is different from what is common outside India. For example, 3 million (30 lakh) would be written as 30,00,000 instead of 3,000,000.
The Mumbai underworld slang for Lakh is peti.
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