Hi, in an English level assessment test I have come across these two abbreviations:
JIT and IOU. I hadn’t seen them before, according to acronymfinder they can mean ‘Just In Time’ and ‘I Owe You’. (there are many other possible meanings). Now, my question is how common are those two abbreviations in business? I mean, acronyms or abbreviations like a.s.a.p. and CEO or often used in business correspondence. I’m not so sure about JIT and IOU though.
Thanks in advance. As ever.
PS: Is there a difference between thanks in advance and thanks beforehand?