What does iou mean? View the definition of iou and all related slang terms containing iou below:
i owe you
Usage of IOU
IOU stands for "I Owe You". It is used as an informal way of acknowledging a debt. The debtor expresses their recognition that they owe something to the creditor, and the creditor knows that they will receive payment. IOUs can often be used in place of a formal receipt when borrowing or lending money or goods.
Sample Text Messages:
1. Hey Amy, sorry I left without paying you last night. IOU $20.
2. Just borrowed $200 from Joe, thanks! IOU.
3. Hey Jack, can you lend me $50? IOU.