IOU for Shared Expenses (I OWE YOU)
Date: September 2, 2054
Issuer (Lender):
Recipient (Borrower):
Expense Details:
Event/Trip Description: Weekend trip to Lakeview Resort
Total Expense Covered by Issuer: $600.00
Individual Share: $150.00
Amount Owed:
Total Amount Owed: $150.00
Interest Rate: 5% per annum
Amount with Interest: $157.50
Repayment Terms:
Repayment Due Date: October 2, 2054
Payment Method: Bank transfer to John Smith’s account
Additional Terms: If repayment is not made by the due date, a late fee of $10.00 will be added.
Acknowledgment:
By signing below, the recipient acknowledges that they owe the specified amount, including any applicable interest, and agree to the repayment terms outlined above.
Signature:
John Smith
Lender
[YOUR NAME]
Borrower
Notes:
IOU Templates @ Template.net
