IOU
pronunciation
How to pronounce IOU in British English:
UK [ˌaɪ əʊ ˈju:]
How to pronounce IOU in American English:
US [ˌaɪ oʊ ˈju]
-
- Noun:
- an informal debt instrument; representing `I owe you'
Word Origin
Example
- 1. Any iou that is accepted in payment for services rendered can be regarded as money .
- 2. This is an iou from the buyer to the seller , effectively a form of deferred consideration .
- 3. Perhaps they could roll over those bills into some form of iou from the government .
- 4. The special account would acquire at face value the bad loans , using only the ministry 's iou as payment .
- 5. But the debtor is giving the creditor in exchange , not money , but an iou , the prospect of receiving money one year from now .