They also discovered that the oldest written record of the use of LOL in the contemporary meaning of Laughing Out Loud was from a message typed by Wayne Pearson in the 1980s, from the archives of Usenet.
But with rising income levels this needs to change. With inflow of Dollars, income level is now easily in the crore bracket. With American influence in most spheres in our life, the terms âgrand, million, billion, trillionâ are also fast becoming a part of our collective lingo. Note: A billion (bi meaning two) has twice as many zeros as a million, and a trillion (tri meaning three) has three times as many zeros as a million, etc. So now: One Lakh has 5 zeros. Ten Lakh or one Million has 6 zeros. 1 Crore or Ten Million has 7 zeros.
A crore is 100 lacs or 10 million rupees. To designate larger amounts of money, usually only lacs and crores are used as units of measurement. For instance, 1 quadrillion rupees is 1 lac crore of rupees. However, in counting other items, there are more terms for larger amounts. For instance, 1 Arab is 100 crore, or 1 trillion.