The term LBS stands for 'POUNDS, ' which is a unit of measurement used to measure weight. It is abbreviated from the Latin phrase 'libra pondo, ' which translates to 'pound weight.' One pound is equal to 0.45 kilograms, and is commonly used in the United States and the United Kingdom. The term OZS stands for 'ounces, ' which is a smaller unit of measurement used to measure weight. One ounce is equal to 28.35 grams, and is also commonly used in the United States and the United Kingdom.