<P> 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 . IOUs usually specify the debtor , the amount owed , and sometimes the creditor . IOUs may be signed or carry distinguishing marks or designs to ensure authenticity . In some cases , IOUs may be redeemable for a specific product or service rather than a quantity of currency , constituting a form of scrip . </P>
<P> 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 . IOUs usually specify the debtor , the amount owed , and sometimes the creditor . IOUs may be signed or carry distinguishing marks or designs to ensure authenticity . In some cases , IOUs may be redeemable for a specific product or service rather than a quantity of currency , constituting a form of scrip . </P>
what is the acronym of iou in finance
what is the acronym of iou in finance
I owe you
I owe you