Bank iou
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Bank iou
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WebFirst Union Corporation was founded as Union National Bank on June 2, 1908, a small … WebMar 18, 2014 · This is because money is really just an IOU. The role of the central bank is …
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An IOU (abbreviated from the phrase "I owe you" ) is usually an informal document acknowledging debt. An IOU differs from a promissory note in that an IOU is not a negotiable instrument and does not specify repayment terms such as the time of repayment. IOUs usually specify the debtor, the amount owed, and sometimes the creditor. IOUs may be signed or carry distinguishing marks or designs to ensure authenticity. In some cases, IOUs may be redeemable for a specific product …
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