IOU
Definition
I Owe yoU. Non-negotiable debt instrument addressed to a creditor, dated, and signed by the borrower. It serves as an informal acknowledgment of a debt of a specified sum but (depending on the terminology used) may or may not serve as an evidence of debt in a court.
Mentioned in these definitions
Popular 'Accounting & Auditing' Terms
IOU in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/IOU.html
