An introduction phrase to let the audience know that the last person mentioned is no less important than those introduced before him/her.
Used in the context where the priority of the list of delegates present is announced.
Sample Usage
1)"Last but not the least,I cordially invite Mr.Peter on to the podium",announced Robert in a meeting.
2)"Last but not the least, the guitarist of the band is Gaurav",declared Mr.Baweja, the head of the musical band.
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