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IOU

Index IOU

An IOU (abbreviated from the phrase "I owe you") is usually an informal document acknowledging debt. [1]

11 relations: California, Currency, Debt, Merriam-Webster, Negotiable instrument, Oxford English Dictionary, Promissory note, Scrip, U.S. state, Warrant of payment, 2008–12 California budget crisis.

California

California is a state in the Pacific Region of the United States.

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Currency

A currency (from curraunt, "in circulation", from currens, -entis), in the most specific use of the word, refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins.

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Debt

Debt is when something, usually money, is owed by one party, the borrower or debtor, to a second party, the lender or creditor.

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Merriam-Webster

Merriam–Webster, Incorporated is an American company that publishes reference books which is especially known for its dictionaries.

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Negotiable instrument

A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand, or at a set time, with the payer usually named on the document.

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Oxford English Dictionary

The Oxford English Dictionary (OED) is the main historical dictionary of the English language, published by the Oxford University Press.

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Promissory note

A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financial instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms.

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Scrip

A scrip (or chit in India) is any substitute for legal tender.

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U.S. state

A state is a constituent political entity of the United States.

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Warrant of payment

In financial transactions, a warrant is a written order from a first person that instructs a second person to pay a specified recipient a specific amount of money or goods at a specific time.

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2008–12 California budget crisis

The U.S. state of California had a budget crisis in which it faced a shortfall of at least $11.2 billion, projected to top $40 billion over the 2009–2010 fiscal years.

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Redirects here:

California Registered Warrant, I owe you, I.O.U, I.O.U., I.o.u, I.o.u., IOU (debt), IOUs, Iou.

References

[1] https://en.wikipedia.org/wiki/IOU

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