Lakhs definition

Lakhs means a hundred thousand (100,000) and “crore” means ten million (10,000,000).
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Lakhs. , ‘Lac’ or ‘Lacs’, means ‘One hundred thousand’ and the word ‘Million’ means ‘Ten lakh’ and the word ‘Crore’ means ‘Ten Million’ and the word ‘Billion’ means ‘One Thousand Million’.
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Examples of Lakhs in a sentence

  • The bidder shall be required to submit the ▇▇▇▇▇▇▇ Money Deposit (EMD) for an amount of Rs. 2,00,000/- (Rupees Two Lakhs Only) by way of demand drafts or Bank Guarantee only.

  • The interest free security deposit is proposed to be recovered in manner as follows – o Up to Rs. 10 Lakhs in the form of DD/PO/ Online Account transfer.

  • The Security Deposit amounting to Rs. ……………./- (Rupees Lakhs) shall remain in force and effect for the entire License period.

  • Ten Lakhs) in any quarter, the same shall be deemed as Concessionaire Event of Default and shall make the Agreement liable for termination.

  • Matters to be arbitrated upon shall be referred to a sole Arbitrator if the total value of the claim is upto Rs.50 Lakhs and to a panel of three Arbitrators, if total value of claims is more than Rs.50 Lakhs.

  • Buying Entity provide a panel of three arbitrators for claims up to Rs. 50 Lakhs and a panel of five arbitrators for claims of more than Rs. 50 Lakhs.

  • Mobilization advance of Rs 7,00,000.00 (Rupees Seven Lakhs only) (Fill the Advance amount given) is agreed upon by owner to be paid to contractor, vide cheque # , dated (Fill Cheque no and Date) drawn on (Date of clearance), before the commencement of work.

  • Provided that, in accordance with Rule 16(2) of the Ombudsman Rules, any compensation awarded by the Ombudsman will be limited to the lower of the amount necessary to cover the loss suffered by the Insured as a direct consequence of the insured peril or Rupees Twenty Lakhs only (Rs. 20 lakhs), inclusive of any ex-gratia and other expenses.

  • Matters to be arbitrated upon shall be referred to a sole Arbitrator if the total value of the claim is up to Rs.50 Lakhs and to a panel of three Arbitrators, if total value of claims is more than Rs.50 Lakhs.

  • The average annual turnover from similar jobs, of the firm should not be less than 15 Lakhs in the last three years.