Tuesday, July 7, 2009

IOU or I Owe You



Here's another shot of my famous I.O.U. note. Yes, it's actually the exact same I.O.U. (same little piece of paper) that I used in the first set of IOU photos. Visit the Dollar Section to see the original IOU note.
If you like this photo, here's a larger 1024x768 version that is suitable as a computer wallpaper background image. I.O.U. (I Owe You) Wallpaper

Feel free to use our Dollar Art to illustrate your news report, blog, newsletter, website, etc. All we ask is that you DO NOT erase our little "Rj55.com" stamp from our photo artwork. Thank you.


Above is a photo of an I.O.U. note or (I Owe You) note. You can see that it was written with a permanent maker on a cut off piece of spiral notebook paper. See I.O.U. - I Owe You wallpaper

What is an IOU note? An IOU (I Owe You) note is an acknowledgement written or printed on a piece of paper that you owe a debt to someone or something. A promissory note, like its name suggests, is a promise to pay back a debt and usually contains a date or deadline. Most IOU's are simple hand written notes between two people. IOU's have been in the news lately because the state of California is now issuing IOU's to pay its bills. However, these IOU's are not your ordinary IOU's because they pay interest to the recipient when they become redeemable.


Feel free to use our Dollar Art to illustrate your news report, blog, newsletter, website, etc. All we ask is that you DO NOT erase our little "Rj55.com" stamp from our photo artwork. Thank you.


California IOUs
California Begins Printing IOUs; Bank Of America To Cash Them ... - Bank of America to accept California IOUs - Calif. issues IOUs under fiscal emergency - Getting Paid in IOUs California's Bingo Bondage - Wells Fargo will accept California IOUs, for now - Wanted on Craigslist: California IOUs - California IOUs to Pay 3.75% Annualized Rate - More News on California IOUs

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IOU vs. Promisory Note Money And Investing

8 comments:

Jim said...

What does IOU stand for? It can't stand for "I Owe You" because that would be I.O.Y.

- Confused in L.A.

Jacob said...

Hey Jim, it does stand for I Owe You, people just used the letter "U" Because it sounds like the word "you". And when someone sees the three letters together "IOU" They pronounce the letters, which make the same sound as the sentence "I Owe You"

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