Definition
An IOU, a phonetic acronym of the words "I owe you," is a document that acknowledges the existence of a debt. An IOU is often viewed as an informal written agreement rather than a legally binding commitment. Dating as far back as the 18th century, at least, IOUs are still very much in use. An IOU between two people conducting business may be followed up with a more formal written agreement. Key Ta
In Panel Profits
In the Panel Profits market platform, IOU: What It Is, How It Works, and Examples applies standard financial concepts principles to comic assets and physical collections.
Common mistakes
Do not infer unobserved prices.