I.O.U.
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
“Last time I checked, Kroger doesn’t take an IOU,” Jones said.
Essentially, you borrow from the account and create an IOU to yourself.
From MarketWatch
Credit is the promise to pay money, an IOU.
Should a player lose beyond his ability to pay, the others may allow him time to pay off his loss—usually, time until the next game—and he may offer up an IOU.
Governments sell bonds - essentially an IOU - to raise money for public spending and in return they pay interest.
From BBC
From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.