Phrase
I owe you.
- Examples
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More examples (1)
Customarily, if you borrow $10 for lunch from a coworker, writing IOU $10 on a yellow sticky note acts as a legal promissory note that you will repay said amount on payday.
Noun
An informal promissory note that is not a negotiable instrument.
- Examples
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When David couldn’t afford to match the money in the poker pot, he added an IOU for the remaining amount instead.
Noun
an informal debt instrument; representing ‘I owe you’
- Broader terms