owe

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owe

v. to have a legal duty to pay funds to another. However, to owe does not make the amount "payable" if the date for payment has not yet arrived. (See: debt, due, payable)

owe

verb be beholden, be bound, be due, be in debt, be indebted, be liable, be obligated, be under obligation, contract a debt, debere, have a loan, have an obligation, incur a debt
Associated concepts: debt owed, debtor-creditor laws, legally owed, taxes owed
See also: overdraw
References in periodicals archive ?
Little Kiribati, a nation of islands in the Pacific, owes just $15 million to international creditors.
Cinnamon Spice, in Ferndale, |Rhondda, owes PS5,000.
Overall 157 of the Oireachtas's 226 TDs and senators owe EUR74,941 for meals and beverages, figures revealed.
The vast majority of this money is owed through mortgages, with one in three people having a home loan on which they owe an average pounds 39,129, according to debt adviser One Advice.
Doubt as to liability: the taxpayer does not believe they owe this amount.
Under the current system Kisha owes $3,415 to the IRS; had they been able to file jointly and to claim the child tax credit, they'd owe only $1,972.
M incorrectly argues that he owes the IRS nothing because the Service did not reopen the case for enforcement within 60 days, as listed in the court order.
2 million square-foot building at 100 Church, which houses the Corporation Counsel, among other tenants, owes $3,021,615.
The IRS owes refunds from past years to 4,039 residents in the Los Angeles area, including 598 in the San Fernando Valley, totaling $3.
Unless the S shareholders incur an economic outlay on debt that the corporation owes to third parties, the shareholders are not entitled to increase their bases in their stock by the debt's amount.
3 million owed in March 1994, while Class IV now owes $257.
An arbitration panel ruled last week that Aries owes its reinsurance company, General Reinsurance Corp.