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Webster's Dictionary [1]

(1): ( p. pr. & vb. n.) of Reckon

(2): ( n.) Adjustment of claims and accounts; settlement of obligations, liabilities, etc.

(3): ( n.) The position of a ship as determined by calculation.

(4): ( n.) The calculation of a ship's position, either from astronomical observations, or from the record of the courses steered and distances sailed as shown by compass and log, - in the latter case called dead reckoning (see under Dead); - also used for dead reckoning in contradistinction to observation.

(5): ( n.) Esteem; account; estimation.

(6): ( n.) The act of one who reckons, counts, or computes; the result of reckoning or counting; calculation.

(7): ( n.) An account of time

(8): ( n.) The charge or account made by a host at an inn.

King James Dictionary [2]

Reckoning, ppr. rek'ning. Counting computing esteeming reputing stating an account mutually.