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English definition of “owe”

owe

verb [T] (HAVE DEBTS)    /əʊ/ US  //
B1 to need to pay or give something to someone because they have lent money to you, or in exchange for something they have done for you: [+ two objects] I owe Janet £10. We still owe $1,000 on our car (= we still need to pay $1,000 before we own our car). I owe you a drink for helping me move. I think you owe (= should give) me an explanation/apology. → See also IOUBorrowing, lending and debt
(Definition of owe verb (HAVE DEBTS) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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