Cincinnati Ohio Debt Acknowledgment - IOU

State:
Multi-State
City:
Cincinnati
Control #:
US-01912BG
Format:
Word
Instant download

Description

An IOU is usually an informal document acknowledging a debt. The term is derived from the phrases I owe unto and I owe you. An IOU differs from a promissory note in that an IOU is not a negotiable instrument as defined by the Uniform Commercial Code and generally does not specify repayment terms such as the time of repayment. IOUs usually specify the debtor, the amount owed, and sometimes the creditor.

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Cincinnati Ohio Debt Acknowledgment - IOU