16-oz. measures

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Last seen on: Universal Crossword – Jul 26 2020

Random information on the term “LBS”:

Lease Buyback Scheme (LBS) is a monetisation option introduced by Singapore. It was announced by Singapore’s Minister for National Development, Mah Bow Tan, in Parliament on 6 Feb 2009, and the Housing and Development Board (HDB) has started accepting applications for LBS from 1 Mar 2009. The scheme underwent a review, following Singapore’s Deputy Prime Minister and Minister for Finance and Manpower, Mr Tharman Shanmugaratnam announcement on 17 Feb 2012. The enhanced LBS was announced on 27 December 2012, under which, eligible elderly households will receive a $20,000 LBS bonus when they sell the tail-end lease of their 4-room or smaller flats to HDB and use their net proceeds to top up their CPF Retirement Account (RAs) to the specified top-up requirements. Further revisions to the scheme were announced on 3 Sep 2014, and took effect from 1 April 2015.

This is in addition to the value of the housing equity unlocked from the shorter lease.

LBS on Wikipedia