conning

To study or examine carefully, especially in order to gain knowledge of; to learn, or learn by heart.

To know, understand, acknowledge.

To trick or defraud, usually for personal gain.

To direct a ship; to superintend the steering of (a vessel); to watch the course of (a vessel) and direct the helmsman how to steer (especially through a channel, etc, rather than steer a compass direction).

Reckoning