I

A paper having on it these letters, with a sum named, and duly signed. A memorandum of a debt; - in use in England as an acknowledgment of a debt, and taken as evidence thereof, but not amounting to a promissory note; a due bill. The memorandum IOU, (I owe you), given by merchants to each other, is a mere evidence of the debt, and does not amount to a promissory note.