IOTA
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English
[edit]Etymology
[edit]Acronym of interest on trust account.
Noun
[edit]IOTA (plural IOTAs)
- (finance) A bank account that earns interest and pays it to a third party, generally a charity; the principal is typically being held in escrow by the accountholder.
Hyponyms
[edit]Further reading
[edit]- Interest on Lawyer Trust Accounts on Wikipedia.Wikipedia