Overview

IOU


Show Summary Details

Quick Reference

A written document providing evidence of a debt, usually in the form “I owe you…”. It is not a negotiable instrument or a promissory note and requires no stamp (unless it does include a promise to pay). It can, however, be used as legal evidence of a debt.

Subjects: Financial Institutions and Services.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.