借条 (jiè tiáo): IOU (Noun) — Meaning & Stroke Order

Even though we are friends, I insisted that he write an IOU to avoid misunderstandings in the future.

According to legal regulations, this IOU must be signed and dated by both parties to be valid.

It's better to write an IOU when borrowing money, as it's safer.

Could you please confirm whether the repayment date on this IOU is accurate and correct?

Because I trusted the other party too much at the time, I did not ask him to provide any written IOU.

He carefully read the terms on the IOU to make sure no details were missed.

Although I have the IOU in hand, considering his financial situation, I have decided to temporarily postpone debt collection.