IOTA
English
editEtymology
editAcronym of interest on trust account.
Noun
editIOTA (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
editFurther reading
edit- Interest on Lawyer Trust Accounts on Wikipedia.Wikipedia