A slang term for the English currency of Sterling pounds. Americans have their "Benjamins" ($100 dollar bills/notes - derived from image of
Benjamin Franklin on each one) so why not apply a universal term to
English pounds? The term derives from
Queen Elizabeth, as there is a depiction of her on every coin and note there is in the English currency. However, "Lizzies" solely refers to pounds (£s) and does not include pennys.