present participle and gerund of reckon
The action of calculating or estimating something.
By that reckoning, it would take six weeks to go five miles.
An opinion or judgement.
day of reckoning
Gerund of the verb reckon, from reckon + -ing. Compare Dutch rekening, German Rechnung.
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A summing up or appraisal.
My mother's father was a small-town school teacher, an occupation with somewhat more status (teachers are petit bourgeois by the standard reckoning) which nevertheless provided little more income than on my father's side.