LETSn.

Brit.

/lɛts/, U.S.

/lɛts/, Canadian English

/lets/

Forms: 1900s– LETS, 1900s– Lets.

Origin: Formed within English, as an acronym. Etymon: English local exchange (or employment) trading system.

Etymology: Invented name, later rationalized as an acronym < the initial letters of local exchange (or employment) trading system.‘We had LETS and LETSystem before we chose words to match the letters, but that is a minor historical note, and rarely believed.’ (Michael Linton, founder of the system, in correspondence to the OED, 1995).

Originally Canadian.

A self-regulating economic network, which allows its users (individuals, businesses, etc.) to issue their own currency and to engage in transactions recorded as a system of accounts; also more fully LETSystem and variants. By extension: applied to any local system in which goods or services are traded by barter.

ΚΠ

1983 N. Island Advertiser (Courtenay, Brit. Columbia) 24 Feb. 22/1 Participants in LETS can list with the computer the services they can provide, the goods they want to sell, as well as the services or goods they desire.

1987 New Internationalist May 25/1 The key feature of the LETSystem, for present purposes, is that I, not the bank or the government, create the currency on the strength of my pledge to reciprocate with my labor to the community.

1990 D. Icke It doesn't have to be like This iv. 55 A group of people get together and agree to start a LETS Group. Each person makes a list of the things they can do..and a list of things they would like done for them.

1992 Daily Tel. 29 Feb. ii. 111/1 Lets systems are a cross between sophisticated bartering and a full-blown local currency.

1995 Oxf. Green News Spring 4/4 LETS systems enable anyone in the community to exchange goods, skills and services without using money.

2001 Evening Chron. (Newcastle) (Electronic ed.) 3 Apr. Everyone who participates takes out an account with the LETS organisers where they record the number of jobs—or as they call them, Strides—they do and the length of time it takes to do them.

This is a new entry (OED Third Edition, June 2009; most recently modified version published online March 2022).

单词	lets
释义	LETSn. Brit. /lɛts/, U.S. /lɛts/, Canadian English /lets/ Forms: 1900s– LETS, 1900s– Lets. Origin: Formed within English, as an acronym. Etymon: English local exchange (or employment) trading system. Etymology: Invented name, later rationalized as an acronym < the initial letters of local exchange (or employment) trading system.‘We had LETS and LETSystem before we chose words to match the letters, but that is a minor historical note, and rarely believed.’ (Michael Linton, founder of the system, in correspondence to the OED, 1995). Originally Canadian. A self-regulating economic network, which allows its users (individuals, businesses, etc.) to issue their own currency and to engage in transactions recorded as a system of accounts; also more fully LETSystem and variants. By extension: applied to any local system in which goods or services are traded by barter. ΚΠ 1983 N. Island Advertiser (Courtenay, Brit. Columbia) 24 Feb. 22/1 Participants in LETS can list with the computer the services they can provide, the goods they want to sell, as well as the services or goods they desire. 1987 New Internationalist May 25/1 The key feature of the LETSystem, for present purposes, is that I, not the bank or the government, create the currency on the strength of my pledge to reciprocate with my labor to the community. 1990 D. Icke It doesn't have to be like This iv. 55 A group of people get together and agree to start a LETS Group. Each person makes a list of the things they can do..and a list of things they would like done for them. 1992 Daily Tel. 29 Feb. ii. 111/1 Lets systems are a cross between sophisticated bartering and a full-blown local currency. 1995 Oxf. Green News Spring 4/4 LETS systems enable anyone in the community to exchange goods, skills and services without using money. 2001 Evening Chron. (Newcastle) (Electronic ed.) 3 Apr. Everyone who participates takes out an account with the LETS organisers where they record the number of jobs—or as they call them, Strides—they do and the length of time it takes to do them. This is a new entry (OED Third Edition, June 2009; most recently modified version published online March 2022). < n.1983
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