I.O.U
Defined in 6 dictionaries — Cyclopedic (1922), Ballentine's (1916), Bouvier (1914), Black's (1910), Anderson (1889), Bouvier (1839)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
In common law. A memorandum of debt in use among merchants. It is not a promissory note, as it contains no direct promise to pay. See 4 Car. & P. 324; 1 Man. & G. 46; 1 C. B. 543; 1 Esp. 426; Pars. Bills & Notes. IBI SEMPER DEBET FIERI TR1ATI0 ubi juratores meliorem possunt habere notitiam. A trial should always be had where the jurors can be the best informed. 7 Coke, lb. IBIDEM (Lat.) In the same book or place; the same subject. Abbreviated ib or ibid. ICTUS (Lat.)
In old English law. A stroke or blow from a club or stone; a bruise, contusion, or swelling produced by a blow from a club or stone, as distinguished from "plaga," a wound. Fleta, lib. 1, c. 41, § 3. ICTUS ORBIS (Lat.) In medical lurisprudence. A maim, a bruise, or swelling; any hurt without cutting the skin. When the skin is cut, the injury is called a "wound." Bracton, lib. 2, tr. 2, cc. 5, 24. Ictus is often used by medical authors in the sense of percussus. It is applied to the pulsation of the arteries, to any external lesion of the body produced by violence; also to the wound inflicted by a scorpion or venomous reptile. Orbis is used in the sense of circle, circuit, rotundity. It is applied, also, to the eyeballs, oculi dicuntur orbes. Cast. Lex. Med. ID CERTUM EST QUOD CERTUM REDdi potest. That is certain which may be rendered certain. 1 Bouv. Inst, note 929; 2 Bl. Comm. 143; 4 Kent, Comm. 462; 4 Pick. (Mass.) 179; Broom, Leg. Max. (3d London Ed.) 556. ID CERTUM EST QUOD CERTUM REDdi potest, sed id magis certum est quod de semetipso est certum. That is certain which can be made certain, but that is more certain which is certain of itself. 9 Coke, 47a. I ID PERFECTUM EST QUOD EX OMNIbus suis partibus constat. That Is perfect which is complete in all its parts. 9 Coke, 9. ID POSSUMUS QUOD DE JURE POSSUmus. We are able to do that which we can do lawfully. Lane, 116.
Ballentine's Law Dictionary
James A. Ballentine · 1916
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
I owe you. I. P. Institutes of Polity. J. R. Irish Reports.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
A Dictionary of Law
William C. Anderson · 1889
"I owe you." A popular designation of a due-bill or memorandum of debt. Consists of those letters, a sum of money, and the debtor's signature. As it contains no direct promise to pay, it is not a promissory note, but a mere acknowledgment of indebtedness.^ IB. See Idem.
A Law Dictionary, Adapted to the Constitution and Laws of the United States
John Bouvier · 1839
contracts. The memorandum I O U, (I owe you,) given by merchants to each other is a mere evidence of the debt, and does not amount to a promissory note. Esp. Cas. N. P. 426; 4 Carr. & Payne, 324; 19 Eng. Com. L. Rep. 405.: