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What is an IOU?
by Tichy 15y ago
What is an IOU?
- ggchappell 15y ago"IOU" is an informal term for a promise to make some specified payment at a later (perhaps unspecified) time. In other words, it is an acknowledgment of a debt. The name comes from "I owe you".
- Nate75Sanders 15y agopronounce the letters just as an American would, but treat them as _words_ instead of letters "I owe you" it just says that I'm indebted to you in some way
- brudgers 15y agoA promise to pay, e.g. a promissory note.