An IOU (abbreviated from the phrase "I owe you") is usually an informal document acknowledging debt. An IOU differs from a promissory note in that an IOU is not a negotiable instrument and does not specify repayment terms such as the time of repayment. IOUs usually specify the debtor, the amount owed, and sometimes the creditor.
But, and I cannot stress this enough, this is not a get out of jail free card. You still owe that money and if, for example,
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Service I OWE YOU Cards (25) These business-sized cards make interacting with our vets and serving military more personal than ever. Learn More Hide [x] Taking a moment to Thank You to our active duty military and veterans is a great way to show them they are supported and appreciated.
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