Meaning of “owe” - Learner’s Dictionary

owe

verb [ T ] us uk /əʊ/
You owe me a fiver.He owes money to his friends and family.I didn't realize you owed him so much.The amount he originally owed has doubled in the last year.She left the country still owing money to a lot of people.

B1 to have to pay money back to someone:

[ + two objects ] You still owe me money.
He owes / a lot of money to the bank.
owe sb an apology/favour/drink, etc

B2 to have to give something to someone because they deserve it:

I think I owe you an apology.
Thanks, I owe you a drink for that.
owe your existence/success, etc to sb/sth

to have something or achieve something because of someone or something else:

The museum owes much of its success to the present generation of young British artists.

(Definition of “owe” from the Cambridge Learner’s Dictionary © Cambridge University Press)