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Usually, an IOU is a signed informal notice of an unpaid debt, sometimes because of partial payment and an outstanding balance due. For example, Company XYZ may buy raw materials for its production but until it sells the finished product, it does not have sufficient cash flow to pay for the raw materials in full.

You can think of money as a special type of IOU: one that's accepted by everyone. When money is issued by a central bank, people are able to trust the value of the notes as they are all coming from a single, trusted source.

Ious is defined as having or being like the word it follows. An example of the ious suffix is the word luxurious. suffix. 1.

An IOU (abbreviated from the phrase "I owe you") is usually an informal document acknowledging debt. An IOU differs from a promissory note in that an IOU is not a negotiable instrument and does not specify repayment terms such as the time of repayment.

An IOU (abbreviated from the phrase "I owe you") is usually an informal document acknowledging debt.

An IOU is a document that acknowledges a debt owed. In business, accounts receivable may be informally called IOUs. The term IOU has a history dating at least to the 18th century and is often viewed as an informal written agreement rather than a legally-binding commitment.

"I Owe You" is the most common definition for IOU on Snapchat, WhatsApp, Facebook, Twitter, and Instagram. IOU. Definition: I Owe You.