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The answer is: both lakhs and lacs are correct and accepted by the Reserve Bank of India (RBI). The word lakhs / lacs derives from the Sanskrit word laksha which means ‘hundred thousand’. If you are a Western tourist, it is advisable that you should know more about the Indian numeric system.
Feb 21, 2023 · The dictionary suggests that lac is defined as “a resinous substance secreted as a protective covering by the lac insect, used to make varnish, shellac, sealing wax, dyes, etc.” and lakh is defined as “a hundred thousand.”
I understand your confusion. At least in India, both are in practice. However, if you typically go by its Hindi origin 'लाख', the spelling 'Lakh' is proper. It's worth noting that OALD has an entry for 'Lakh' and not 'Lac'. [Personally, I prefer/practice 'Lakh'].
Dec 9, 2015 · In India, 100 thousand is sometime referred to as 1 lakh, while sometime as 1 lac. I am not sure if lakh is correct. Sometimes, I find the people writing more than one lac (or lakh) as lacs (or lacs). For example: The seller has received a sum of Rupees three lacs seventy-six thousands five hundreds thirty-six.
Mar 12, 2024 · Lakh and Lac refer to the same numerical value, 100,000, but "Lakh" is more commonly used in South Asia, while "Lac" is an alternative spelling less frequently used.
A lakh ( / læk, lɑːk /; abbreviated L; sometimes written lac [1]) is a unit in the Indian numbering system equal to one hundred thousand (100,000; scientific notation : 10 5 ). [1] [2] In the Indian 2,2,3 convention of digit grouping, it is written as 1,00,000. [3] .
As a numeral lakh is (india|pakistan|sri lanka|hong kong) one hundred thousand often used with units of money. As a noun lacs is or lacs ca...
Lac is a alternative form of lakh. As a numeral lakh is one hundred thousand. Often used with units of money. As a noun lac is a resinous substance produced mainly on the banyan tree by the female of Coccus lacca, a scale-shaped insect.
Discover the differences between the homophones lac, lack and lakh with examples of each.
Apr 24, 2023 · While the Reserve Bank of India does not limit the use of either spelling, it’s master circular states that lakh is the correct word to use when representing the number 1,00,000 in English. ‘Lakh’ or ‘Lac’: Which one to write on the cheque?
