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.

Use IOU in a sentence

Related Videos




http://www.businessdictionary.com/definition/IOU.html

Have a question about IOU? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z