Meaning/Usage: Similar to giving someone a debt coupon

Explanation: The literal meaning is exactly as it appears. However, this expression is merging all the words together to create a noun phrase. The closest meaning is a debt coupon. The coupon would be a piece of paper that would be a promise to pay back what was borrowed.

"I don't have any money so can I get an I owe you."
"I'll need an I owe you because I don't have any money."
"I used up an I owe you already so he won't let me borrow again!"

A. "Do you want to grab a steak tonight?"
B. "I'd love to, but I won't have any money until payday?"
A. "I'll give you an I owe you until you get your paycheck!"
B. "Thanks man. I appreciate that."

Other Common Sentences

"Can I borrow it from you?"
"Can I pay you back later?"