IOU
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.
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
The government sell bonds - essentially an IOU - to raise money from financial markets and these are viewed as a safe investment, meaning the US normally does not need to offer high rates to attract buyers.
From BBC
From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.