Definition of "IOLTA"
  1. An acronym for Interest on Lawyers' Trust Accounts, which refers to the practice of pooling nominal and short-term client funds and utilizing the interest generated for public service programs
How to use "IOLTA" in a sentence
  1. Law firms establish an IOLTA to manage short-term client funds.
  2. The interest generated by IOLTA is often used for public service programs.
  3. She was responsible for managing the IOLTA at the law firm.

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