IOTA

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See also: iota, Iota, and ióta

English

Etymology

Acronym of interest on trust account.

Noun

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

IOLA
IOLTA

Further reading

Interest on Lawyer Trust Accounts on Wikipedia.Wikipedia

Anagrams

Oita

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