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