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.
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References in periodicals archive ?
Every American now owes $58,604 with a debt-to-GDP ratio of 107.3 per cent, while Canadians are $45,454 in the red, thanks to Ottawa owing $1.886 trillion, with a debt-to-GDP ratio of 85.6 per cent.
After Get Me Tickets collapsed in 2006 owing PS4.3million, it was followed by Ticket Tout Ltd in 2007 which owed PS7.5million and London Ticket Shop in 2008 which owed PS800,000.
Half of young people have an overdraft, compared with 38per cent of people in their 30s and 40s, with three out of 10 under-30s owing more than pounds 1,000.
"A taxpayer owing federal taxes should first took at ways to pay the liability in full.
The top 200 delinquents owe about $570 million, with the top four alone owing some $104.9 million.
Dysart applied Lewis to find that the IRS could offset a refund of a penalty by additional time-barred income tax determined to be owing for the same year.