iou

[ˌaɪ ju ˈoʊ]

iou Definition

• 1. a signed document acknowledging a debt, especially an informal one not backed by a formal contract
• 2. a written acknowledgment of a specified debt, usually in the amount of money owed and sometimes including the interest or other charges
• 3. a written promise to pay a debt by a certain date

Using iou: Examples

Take a moment to familiarize yourself with how "iou" can be used in various situations through the following examples!

• Example

  He gave me an IOU for the $50 he borrowed.

• Example

  She wrote him an IOU for the money she owed.

• Example

  I can't pay you back right now, but I'll give you an IOU instead.

iou Synonyms and Antonyms

Synonyms for iou

• chit
• debt acknowledgment
• promissory note

Phrases with iou

• honour an IOU

  to fulfill a promise to pay a debt as acknowledged in an IOU

  Example

  I'm counting on him to honour his IOU and pay me back next week.

• IOU note

  a written acknowledgement of a debt, usually in the form of a promissory note

  Example

  She gave him an IOU note for the money she borrowed.

• IOU letter

  a written acknowledgement of a debt, usually in the form of a letter

  Example

  He sent her an IOU letter promising to pay back the money he owed.

Origins of iou

from the phrase 'I owe you'

📌

Summary: iou in Brief

'IOU' [ˌaɪ ju ˈoʊ] is a noun that refers to a written acknowledgement of a debt, usually in the form of a promissory note or letter. It is often used informally and not backed by a formal contract. Examples include 'He gave me an IOU for the $50 he borrowed,' and 'I can't pay you back right now, but I'll give you an IOU instead.'