IOU
DeFiAn IOU, which stands for "I owe you," is a simple note that shows one person owes money to another person. In cryptocurrency, it can refer to a promise to pay back a debt or a claim on an asset.
- Definition
- An IOU, which stands for "I owe you," is a simple note that shows one person owes money to another person. In cryptocurrency, it can refer to a promise to pay back a debt or a claim on an asset.