noun General Slang

L&P

EL-and-PEE · noun · informal

Lemon & Paeroa, a Kiwi soft drink

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Definitions

1

A famous New Zealand lemon-flavoured soft drink, originally made with mineral water from the town of Paeroa; marketed as 'world famous in New Zealand'.

“Nothing beats a cold L&P on a hot day.”
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2

Short for 'liquidity provider', someone who deposits assets into a liquidity pool to earn fees; also refers to the 'LP token' issued as a receipt for that deposit.

“As an LP you earn fees but take on impermanent-loss risk.”
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L&P In A Sentence

Nothing beats a cold L&P on a hot day.

Origin & Usage

New Zealand brand 'Lemon & Paeroa', named for the Waikato town of Paeroa.

Variants Lemon & Paeroa

People Also Ask

What does L&P stand for?

L&P stands for Lemon & Paeroa, a lemon-flavoured soft drink named after the New Zealand town of Paeroa, where its mineral water originally came from.

Why is L&P called 'world famous in New Zealand'?

It's a tongue-in-cheek marketing slogan poking fun at the drink's fame being limited to New Zealand, and it has become part of Kiwi culture.

What does L&P taste like?

It's a sweet, fizzy lemon soft drink, a bit like a lemonade with its own distinctive tangy flavour.

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