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Meaning of I O U

Webster's 1913 Dictionary
 
 Definition: 
\I O U\ [i. e., I owe you.]
A paper having on it these letters, with a sum named, and
duly signed; -- in use in England as an acknowledgment of a
debt, and taken as evidence thereof, but not amounting to a
promissory note; a due bill. --Wharton. Story.
 
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