The Collaborative International Dictionary of English v.0.48:
Reckoning \Reck"on*ing\, n.
1. The act of one who reckons, counts, or computes; the
result of reckoning or counting; calculation.
(a) An account of time. --Sandys.
(b) Adjustment of claims and accounts; settlement of
obligations, liabilities, etc.
Even reckoning makes lasting friends, and the
way to make reckonings even is to make them
He quitted London, never to return till the day
of a terrible and memorable reckoning had
2. The charge or account made by a host at an inn.
A coin would have a nobler use than to pay a
3. Esteem; account; estimation.
You make no further reckoning of it [beauty] than of
an outward fading benefit nature bestowed. --Sir P.
(a) 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.
(b) The position of a ship as determined by calculation.
To be out of her reckoning, to be at a distance from the
place indicated by the reckoning; -- said of a ship.
day of reckoning the day or time when one must pay one's
debts, fulfill one's obligations, or be punished for one's
[1913 Webster +PJC]