IOU - Wikipedia IOU This article is about the acknowledgement of debt. For other uses, see IOU ( disambiguation ). This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. ( January 2009 ) 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. IOUs may be signed or carry distinguishing marks or designs to ensure authenticity. In some cases, IOUs may be redeemable for a specific product or service rather than a quantity of currency, constituting a form of scrip. Contents 1 California Registered Warrants 2 See also 3 References 4 External links California Registered warrants Also referred to as `` IOUs '' by the U.S. state of California, the term `` Registered Warrants '', which specify a future payment date, is meant to differentiate these IOUs from regular, or `` normal '' payroll warrants which permit the holder to exchange their warrant for cash immediately. For both types of warrants, redeeming them may be delayed until funds are available. Because of this uncertainty, warrants are not negotiable instruments. Registered Warrants were issued in July 2009 due to a temporary inability of the state of California to redeem its warrants. Warrants are issued as payment to state employees, private businesses, local governments, taxpayers receiving tax refunds, and owners of unclaimed money. See also Scrip Warrant of payment Promissory note References Jump up ^ `` IO U ''. Oxford English Dictionary ( 2nd ed. ). 1989. Etymology : ( = ' I owe you '. ) Jump up ^ `` Origin of IOU from the pronunciation of I owe you - First Known Use : 1795 ''. Merriam - Webster. Jump up ^ Frequently Asked Questions about Registered Warrants ( IOUs ) External links Wikisource has the text of the 1911 Encyclopædia Britannica article I.O.U.. The dictionary definition of IOU at Wiktionary This finance - related article is a stub. You can help Wikipedia by expanding it. Retrieved from `` https://en.wikipedia.org/w/index.php?title=IOU&oldid=848490214 '' Categories : Debt Personal finance Finance stubs Hidden categories : Articles needing additional references from January 2009 All articles needing additional references All articles with unsourced statements Articles with unsourced statements from February 2016 All stub articles Talk Contents About Wikipedia Čeština Deutsch Español Euskara Русский Suomi Edit links This page was last edited on 2 July 2018, at 07 : 07 ( UTC ). About Wikipedia

Question: what is the acronym of iou in finance
Answer: I owe you