IOU Definition

Bookmark and Share

IOU is an informal debt instrument in the form of a written promise to pay back money owed; e.g., personal loans and professional services.

Learn new Accounting Terms

TOTAL CASH FLOW FROM FINANCING accounts for inflows and outflows of cash resulting from debt issuance and financing, the issuance of any new stock, dividend payments, and any repurchase of existing stock.

ASSET REVERSION is asset recovery by the sponsoring employer through termination of a defined benefit pension fund and/or of assets in excess of amounts required to pay accrued benefits of a pension fund. In the U.S., assets recovered through reversion are subject to corporate income tax and an excise tax.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.