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Abbreviations: IOU and JIT



 
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ESL Forum | English Vocabulary, Grammar and Idioms
Coffee percolator? | Thanks in advance or thanks before?
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Abbreviations: IOU and JIT #1 (permalink) Mon Feb 13, 2006 21:49 pm   Abbreviations: IOU and JIT
 

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.
Nicole

PS: Is there a difference between thanks in advance and thanks beforehand?
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Abbreviations: IOU and JIT #2 (permalink) Fri Feb 24, 2006 15:25 pm   Abbreviations: IOU and JIT
 

Nicole wrote:
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.


IOU and JIT in these senses are VERY common. JIT delivery is standard procedure nowadays in most manufacturing industries. Generally, an IOU is a personal note promising to pay someone. It is a type of promisory note.

Nicole wrote:
PS: Is there a difference between thanks in advance and thanks beforehand?


The big difference is that we do say thanks in advance, and we don't say thanks beforehand. Smile Thanks beforehand doesn't sound English to me.
Jamie (K)
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Promissory note #3 (permalink) Fri Feb 24, 2006 16:14 pm   Promissory note
 

Hello Jamie (K)! Your explanations are very interesting, thank you for sharing your knowledge with us. Incidentally, I've checked the word promisory note and it occurs that it spelled like with two s: promissory note.
Regards
Andreana
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Promissory note #4 (permalink) Sat Feb 25, 2006 14:54 pm   Promissory note
 

Andreana wrote:
Incidentally, I've checked the word promisory note and it occurs that it spelled like with two s: promissory note.


Yes, I thought of that after I hit "submit". So, you see that even native speakers get confused about spelling. In English legal language, we have the words promisor and promissory. It's not easy to keep track of.
Jamie (K)
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