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Iou

noun, phrase

Definitions

Noun
  1. 1
    An informal promissory note that is not a negotiable instrument.

    "When David couldn’t afford to match the money in the poker pot, he added an IOU for the remaining amount instead."

  2. 2
    an informal debt instrument; representing ‘I owe you’ wordnet
Phrase
  1. 1
    I owe you.

    "Customarily, if you borrow $10 for lunch from a coworker, writing IOU $10 on a yellow sticky note acts as a legal promissory note that you will repay said amount on payday."

Etymology

Etymology 1

From the pronunciation of "I owe you". Attested since at least 1618.

Etymology 2

From the pronunciation of "I owe you". Attested since at least 1618.

See also for "iou"

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