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 ?
Pauling, champion of the medicinal properties of vitamin C, owes one of his earlier insights to, of all things, a cold.
Radebe's outburst was nothing more than an unpleasant display of sour grapes and he owes one of the world's best players an apology.
It is only right that, where a taxpayer owes one amount to the government and the government owes an offsetting amount to the taxpayer, interest should be imposed only on the net amount of the over- or underpayment.
But a number of fellow employees are anxious to speak to him as he owes one "digs money" and another pounds 600 for a car he bought from him.
It cannot be right that a local authority owes one duty to those children who it places in their own schools and a different duty to those it places in independent schools.