IOU

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ →Go uptown Index — Click the ᐅ to expand: Glossary Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

An “I owe you”: that thing you leave the milkman when you’ve just got back from holiday and you only have Pesetas in your wallet. In the world of high finance they are known as promissory notes bonds, notes or MTNs.

See also

• Promissory note
• The Way We Live Now