Iou (Noun)
Meaning
An informal debt instrument; representing `I owe you'.
Classification
Nouns denoting possession and transfer of possession.
Examples
- She wrote out an IOU for $50 and gave it to her friend to repay the borrowed cash.
- He gave his sister an IOU for the loan she provided to help him pay for his rent.
- After running out of cash at the restaurant, he asked if he could pay next time and left an IOU with his friend who picked up the bill.
- She asked him for a favor and in return he gave her an IOU promising to return the kindness in the future.
- His kids kept track of the household chores by using an IOU system, trading off tasks to be completed at a later time.