Informal Document

  • 1 Posts
  • 1 Sections
  • 1 Types
August 31, 2024 4 min read Definitions
IOU: Unsecured Promise to Pay
Finance Accounting Debt Promise Informal Document Unsecured Payment
An IOU is an informal document acknowledging debt. It is a written promise to pay back money owed, but it does not qualify as a legally binding contract.
Read more about IOU: Unsecured Promise to Pay.

Finance Dictionary Pro

Our mission is to empower you with the tools and knowledge you need to make informed decisions, understand intricate financial concepts, and stay ahead in an ever-evolving market.