Owe

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Owe

To be required to repay money or another asset to an individual, company, or other organization. One owes a debt after one has borrowed money or another asset. In business and government, debt is often owed in the form of bonds, which are securities entitling the bearer to repayment at the appropriate time(s). Occasionally, especially for personal loans, debt is owed without interest or other compensation; one simply owes what was lent. This is exceedingly rare in business and a debtor almost always owes a creditor a certain amount of interest, representing the time value of money.
References in periodicals archive ?
3m is owed through committed instalments by a number of late payers," he said.
For every citizen of Pakistan, the Islamabad government owed $822.
And Simon Rogan is owed PS3,048 for a private dinner.
You can send the bailiffs around and take the money out of the cash register, which you can do, or you can seek to divert money owed to that business.
JJB owed PS10m to sportswear group Adidas, while Nike and Umbro were each owed PS8m, according to a report filed by administrators at Companies House and seen by the Mail on Sunday.
JJB Sports owed PS600,000 to the Football Association of Wales, when it collapsed, it has emerged.
Dozens of supply firms in the Midlands, including plumbers, electricians, window companies and painters and decorators, were caught up in the collapse of the Jewellery Quarter firm, with some owed substantial five-figure sums.
They include: AW Lumb Ltd, of Tamworth, owed pounds 59,117; Alpha Wastecare of Hockley, owed pounds 15,150; Avonside Roofing West Midlands, of Cannock, owed pounds 37,202; and BJ Bird Plasterers of Cannock, owed pounds 18,232.
If you miss a payment or have outstanding unpaid taxes in a future year, you will be in default and the IRS could take action to collect the entire amount owed.
The administration has an ongoing disagreement with the Education Coalition - representing teachers, parents and school administrators - about the amount still owed after Proposition 98's minimum funding guarantees were suspended in 2004-05.
They include electrical suppliers Dron and Dickinson, owed pounds 78,791 for supplying and installing electrical parts, and Pinkney Building Contractors, of Helme Park, Crook, which is owed pounds 158,000.
Before last year, the department only published the list in the newspaper, so not everyone was necessarily aware that they owed the city," department spokesman Sam Miller said.