IOU


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IOU

a corrupted abbreviated form of the words ‘I owe you’. It is a written acknowledgement of a debt. It is not a negotiable instrument, like a cheque, but maybe founded upon in court to make recovery of the sum more simple.
References in periodicals archive ?
We're offering our customers a convenient alternative of depositing their IOUs at our banking stores rather than going to the state Treasurer's office to receive a cheque,' said California Community Banking regional president Lisa Stevens.
Awarding of degrees is by submitting requirements to the IOU Degree Committee, composed of Dr.
The IOU earning a non-utility net profit margin of 10% seems to be successful with both the unrelated and the related portions of its portfolio, which includes a large wholesale vehicle auction network as well as various energy-related businesses.
Imbedded in the IOU cost of service are three components that provide cooperatives a financial advantage, and every transaction is based on these numbers.
Since IOU was set up, each member has speculated around pounds 1200.
It can so happen that a person who "deposits" a sum of money with his banker really means to buy an IOU plus redemption promise.
367 is known as the "Water and Wastewater System Regulatory Law," and it empowers the PSC to have exclusive jurisdiction over each IOU in the water and wastewater industry with respect to its authority, service, and rates.
The old management team is desperate to get something out of it because of the work they put into IOU.
This will make them find it easy to enter IOU to continue their education to a degree and not only stop at a diploma program, said Madam Ndow.
It says you should always agree a payback date at the time of the IOU, generally pay it back within a month and try not to be a repeat borrower.
Watanabe, of Omaha, Nebraska, is accused of intent to defraud Harrah's, the firm that owns Caesars and the Rio, over the IOUs.
Well, many years ago I was told by a professional moneylender that an IOU should not be dated, since that would imply the debt was due on that day only.