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iou
Greek hypothesis, a placing under; supposition. "I owe you". A popular designation of a due-bill or memorandum of debt. Consist's of those letters, a sum of money, and the debtor's signature. As it contains no direct promise to pay, it is not a promissory note, but a mere acknowledgment of indebtedness.
Source : William C. Anderson, A Dictionary of Law (1893)
Language : English