Definition of: owe

(ō) v. owed (Obs. ought), ow·ing v.t.
1. To be indebted to the amount of; be obligated to pay or repay.
2. To be obligated to render or offer: to owe an apology.
3. To have or possess by virtue of gift, labor, etc.: with to: He owes his success to his own efforts.
4. To cherish (a certain feeling) toward another: to owe a grudge.
5. Obs. To own; have.
—v.i.
6. To be in debt. [OE āgan]