Accounting or calculating in advance; preliminary financial reckoning done before the main accounting.
Combines 'fore-' (before) with 'accounting' (from Old French 'acunter,' to count). The 'fore-' prefix means doing something before the main action.
Medieval merchants used 'fore-' verbs constantly for planning—foreaccounting, forecasting, forethinking. This reveals that successful merchants thought in terms of preparation and advance calculation, a mentality that literally built early capitalism.
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