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1 Local Exchange Trading Scheme
= système d'échange de services dans une communauté donnée, basé sur une monnaie nominaleEnglish-French business dictionary > Local Exchange Trading Scheme
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2 local
local(e)local agent agent m sur le terrain;COMPUTING local area network réseau m local;COMPUTING local bus bus m local;TELECOMMUNICATIONS local call communication f locale;local council conseil m municipal;local currency monnaie f locale;Local Exchange Trading Scheme = système d'échange de services dans une communauté donnée, basé sur une monnaie nominale;local tax impôts m pl locaux;local time heure f locale;∎ 6 a.m. local time 6 heures du matin heure localeCommunities in several countries have also organized indirect exchange systems, most notably using the Local Exchange Trading System (LETS), which began in Canada in 1983. LETS is similar to a credit union, but members begin their account balances at zero and exchange with other members. Those who purchase goods incur a debit, while those who sell obtain a credit; debits and credits are denominated in the national currency.
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