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 ?
3 per cent, while Canadians are $45,454 in the red, thanks to Ottawa owing $1.
After the collapse of The Mall Group in 1998 owing PS3.
For taxpayers owing $25,000 or less in taxes, Form 9465 needs to be completed.
Together, there are 17 countries in the top 200 owing $122 million.
Abraham Lincoln is remembered for once owing somebody 7 cents and walking several miles to repay that individual,'' Sherman said after a press conference Monday outside the Van Nuys IRS office.
Also on the rise are individual Brooklyn condo delinquencies, which have jumped from 402 to 525 units owing $133,816, and representing 16 percent of the total units.