A lakh (also spelled lac or laksha) is a unit in a traditional number system, still widely used in India and Bangladesh, equal to a hundred thousand. A hundred lakhs make a crore.
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.
See also
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The Bombay Underworld slang for lakh is Peti