The meaning of OWE is to be under obligation to pay or repay in return for something received : be indebted in the sum of. How to use owe in a sentence.
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Old English ahte "owned, possessed," past tense of agan "to own, possess; owe" (see owe). As a past tense of owe, it shared in that word's evolution and meant at times in Middle English "possessed" and "under obligation to pay." It has been detached from owe since 17c., though...