But that's not how you really spell "I owe you", is it?

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A: Yes. To borrow means to take some money from someone and then pay it back later.

B: Oh, so I borrow you this five dollars?

A: No, I borrow some money. You lend it to me. You’re the lender and I’m the borrower.

B: I’m lending you 5 dollars and you’re borrowing 5 dollars.

A: That’s right. And now that I borrowed 5 dollars from you, I owe you 5 dollars.

B: You owe me, and I owe you. How do you spell this “I owe you”? Ha, ha, ha.

A: Well, when you owe someone some money you often write
an I.O.U. Like this. You see? I.O.U.

B: But that’s not how you really spell “I owe you”, is it?

A: No, that’s just a short way of writing it. You actually spell it
like this. I owe you…

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B: But that’s not how you really spell “I owe you”, is it?

Maybe the original text is not correct. ←

So, which is correct:

1- But that’s not how you really spell “I owe you”, is it? ← original text

2- But that’s not how you really spell “I.O.U”, is it?

Thank you

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This is correct. In this sentence, B is referring to the phrase “I owe you”.
He might say
“Using the letters ‘I O U’ is not how you spell the phrase ‘I owe you’, is it?”

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Thank you so much, Arinker :rose:

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In formal contexts, you need to write it as I owe you though IOU also means the same for short.

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Thank you so much, Anglophile :rose:

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Am reading the comments am new here. Regards to all…!

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