What does IOU mean in Universities?

This page is about the meanings of the acronym/abbreviation/shorthand IOU in the Academic & Science field in general and in the Universities terminology in particular.

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Definition

What does IOU mean?

IOU(noun)
an informal debt instrument; representing `I owe you'

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"IOU." Abbreviations.com. STANDS4 LLC, 2015. Web. 5 May 2015. <http://www.abbreviations.com/term/1533660>.