Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License
- Local Exchange Trading System.
Etymologies
Sorry, no etymologies found.
Examples
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LETS, which is factory reporting software for automating the collection of production data from production machinery and processes, now includes a graphical dashboard and new calculation methods for delivering greater accuracy of
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The CJIC also uses an integrated communication system called LETS, which stands for Law Enforcement Tactical System.
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Virtual currency in a MMORPG is a kind of LETS, and might be "meaningful" currency, IN THE GAME WORLD.
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The question is whether to go for local/complementary/mutual credit currencies, such as LETS or Time Dollars, or go for barter markets.
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Through access to various mapping programs and multiple databases, such as LETS, the research team is working on programs that would identify suspects based on specific demographics and geographics.
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LETS credits are more abundant form or currency as a member can earn as many credits as they have time to work for, rather than waiting for scarce dollars to be available from bank accounts.
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Greeks in the midst of economic crisis have adopted a LETS currency called TEM, which has a Craigslist like directory and a digital and check-like currency form.
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One specific and popular variance of LETS in the US and UK is called a Timebank.
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Whereas Timebanks and LETS have not yet succeeded in capturing a significant portion of the formal economy, community paper scrips have stepped in to fill the need.
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LETS often consist of an online directory of goods and services offered by individual members and businesses and an accounting system.
Comments
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