Definition, Meaning & Synonyms

IOU

Noun

/aɪ.oʊ.juː/

Definition

A written acknowledgment of a debt.

Examples

After borrowing some money, he gave her an IOU to show his promise to repay.
She found the IOU tucked away in a book, reminding her of the loan she had made.

Meaning

An IOU is a document in which one person promises to pay a specific amount of money to another person. It serves as a record of the loan and the obligation to repay it.