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A written promise to pay back a debt: Web an iou ( abbreviated from the phrase i owe you [1] [2]) is usually an informal document acknowledging debt. Debt, obligation example sentences i. Ad create a legally binding promissory note to confirm a promise to pay back a sum of money. I owe you(s)' or ious are often thought of as informal loan agreements, but both the lender and the borrower can benefit from having a. Web owe you (iou) the parties. Find the right agreement for you. This i owe you made on _______________, 20____ is by and between: Web what is iou form? Forms, or debt acknowledgement letters, clearly define a debt owed by a debtor to a creditor and are usually drafted between business partners, friends, and family members. Web debt acknowledgement form i owe you many times this document is used between 2 people with a previous relationship.