I.O.U. facts for kids
I.O.U. means "I Owe You" or "I Owe Unto". It is a note between two people that is used to say that one person owes something to the other. It is usually used for money. I.O.U.'s are most often only used between people that know each other very well, for example, friends.
See also
In Spanish: Pagaré para niños
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I.O.U. Facts for Kids. Kiddle Encyclopedia.