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.

Collins Dictionary of Law © W.J. Stewart, 2006

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References in periodicals archive ?

Basically, it's like a big I.O.U. program, or grassroots credit cams.

The color of money: alternative currency promotes fresh thinking about sustainable economics. (Money Matters)

Love is such a precious gift, One thing in my life I know is true, And I.O.U.

Victoria's special CD is perfect Xmas gift; EXCLUSIVE

Farooque,32, followed her in and she wrote him the I.O.U.

STAR SISTER 'I.O.U RAPE'

THE sister of a British movie star was raped by a cab driver after writing him a pounds 20 I.O.U. following a boozy night out, a court heard yesterday.

STAR'S SISTER 'RAPED BY CABBIE AFTER GIVING I.O.U' Attack after night out, jury hear