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The primary types of Smart Accounts in Cisco are Holding and Customer. Holding Accounts are typically used by partners or distributors to manage and allocate licenses or entitlements to their customers. Customer Accounts are directly associated with end-user organizations that use Cisco products and services, enabling them to manage their licenses and entitlements effectively. Smart Accounts streamline the management and deployment of Cisco licenses, providing a central repository to handle all license-related activities across different customer environments.