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.
Word Origin
From Ancient Greek ἰῶτα (iôta), ultimately from Proto-Semitic *yad- (“hand”). Doublet of jot and yodh.
Sense “jot, small quantity” in reference to a phrase in the New Testament: ”one iote or one title...