lms

World English Dictionary
LMS
 
abbreviation for
local management of schools: the system of making each school responsible for controlling its total budget, after the budget has been calculated by the Local Education Authority

Collins English Dictionary - Complete & Unabridged 10th Edition
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Lms is always a great word to know.
So is flibbertigibbet. Does it mean:
a scrap or morsel of food left at a meal.
a chattering or flighty, light-headed person.
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