IOU definition

IOU

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.

IOU is in the Accounting & Auditing and Banking, Commerce & Finance subjects.

IOU appears in the definitions of the following terms: scrip, bill of credit, credit instrument and certificate of indebtedness

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