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let's

American  
[lets] / lɛts /
  1. contraction of let us.


LETS 1 British  
/ lɛts /

acronym

  1. Local Exchange and Trading System: an economic system in which members of a community exchange goods and services using a cashless local currency

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

let's 2 British  
/ lɛts /

contraction

  1. let us: used to express a suggestion, command, etc, by the speaker to himself and his hearers

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Usage

See contraction, let 1.