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L

L This letter represents an ox-goad, and is called in Hebrew lamed (an oxgoad).

L

for fifty is half C (centum, a hundred).

L

for a pound sterling, is the Latin libra, a pound. With a line drawn above the letter, it stands for 50,000.

Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
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