A memorandum of debt, consisting of these letters, ("I owe you,") a sum ofmoney, and the debtor's signature, is termed an "I O U." Kinney v. Flynn, 2 R. I. 329.
Link to This DefinitionDid you find this definition of I O U helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary