Entity: IOU
IOU Display Name
IOU
Description
An IOU is a written acknowledgment of debt, typically consisting of the letters IOU, the amount owed, and the debtor's signature.
Wiki Content
IOU
Etymology
The term IOU is an abbreviation for 'I owe you,' indicating a debt acknowledgment.
Definition
An IOU is a written promise to repay a debt, usually informal and containing the letters IOU, the amount owed, and the debtor's signature.
Historical Context
IOUs have been used for centuries as informal debt acknowledgments, predating formal financial instruments.
Cultural Significance
IOUs are common in personal transactions, indicating trust and commitment to repay debts.
Related Concepts
Similar concepts include promissory notes and informal loan agreements.
See Also
Definition
A written promise to pay back a debt, often informal and consisting of the letters IOU, the sum owed, and the debtor's signature.
Blockchain Details
Chain
aeternity
Contract Address
DAO Address
Sale Address
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