Tag Archives : informal IOU

How to Write an IOU (Promissory Note)

How to Write an IOU (Promissory Note)

Posted by on January 26, 2011 · 0 Comment

IOU or Promissory note is a commitment to pay a debt or loan at a certain time in future. these are 9 essential elements of a legally binding promissory note.

Filed in: Loans
What do you understand by the Term IOU?

What do you understand by the Term IOU?

Posted by on September 23, 2009 · 2 Comments

There are several financial transactions that are so routine and informal that a legal contract would seem like overkill. Instead of that, a less complicated method is preferred to use by a number of people and that method is referred to as an IOU. An IOU, that can be in written or verbal form, is just an…

Filed in: Loans
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