IOU (debt)

IOU (debt)

An IOU is a document acknowledging debt. The term is derived from the opening phrase "I owe unto" and/or the pronunciation of "I owe you". An IOU differs from a promissory note in not specifying the time of repayment.


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  • IOU — may refer to:* IOU (debt), an acknowledgement of debt * I.O.U. (song), by jazz funk band Freeez * Investor owned utility * A song on the indie rock album Old World Underground, Where Are You Now? See also * IOYOU …   Wikipedia

  • IOU — noun [countable] informal something, usually a note, that you give to someone to show that you owe them a particular sum of money: • Commercial paper is a kind of corporate IOU. * * * IOU UK US /ˌaɪəʊˈjuː/ noun [C] INFORMAL ► ABBREVIATION …   Financial and business terms

  • IOU — [ī΄ō΄yo͞o′] n. pl. IOU s [for I owe you] an informally written, signed acknowledgment of a specified debt, characteristically bearing the letters IOU …   English World dictionary

  • IOU — a corrupted abbreviated form of the words I owe you . It is a written acknowledgement of a debt. It is not a negotiable instrument, like a cheque, but may be founded upon in court to make recovery of the sum more simple. Collins dictionary of law …   Law dictionary

  • IOU — (I owe you) ‚aɪəʊ juː n. signed note acknowledging a debt …   English contemporary dictionary

  • IOU — ► NOUN ▪ a signed document acknowledging a debt. ORIGIN representing the pronunciation of I owe you …   English terms dictionary

  • debt — [n] money owed to others albatross*, arrearage, arrears, bad news*, baggage*, below the line*, bill, bite*, capital, check, chit*, claim, commitment, credit, cuff*, damage*, dead horse*, debenture, debit, deficit, due, dues, duty, encumbrance,… …   New thesaurus

  • IOU — n. a signed document acknowledging a debt. Etymology: = I owe you * * * noun an informal debt instrument; representing I owe you • Hypernyms: ↑note, ↑promissory note, ↑note of hand * * * |ī(ˌ)ō|yü noun ( s) …   Useful english dictionary

  • IOU — An informal document that acknowledges a debt owed. IOU is an abbreviation, in phonetic terms, of “I owe you.” The debt owed does not necessarily involve a monetary value but can also involve other products. With IOUs being informal,… …   Investment dictionary

  • debt — I (New American Roget s College Thesaurus) State of owing money Nouns 1. debt, indebtedness, obligation, liability, debit, score; charge, charge account; arrears, deferred payment, accounts receivable; deficit, default; insolvency, nonpayment,… …   English dictionary for students

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