owe
verb [ T ]
uk/əʊ/ us FINANCE, COMMERCE
to need to pay or give something to someone because they have lent money to you:
owe sb $5/$500, etc. I owe you £200.
How much do we owe the bank?
He claims the firm owes him money.
owe $5/$500, etc. to sb The company owes $618 million to its creditors.
owe $100/$1000, etc. on sth We still owe $1000 on our car.
owe $100/$1000, etc. in sth The government alleges that he owes $54 million in unpaid taxes.
to have had someone help you or do something good for you, so that you should do something similar for them:
He owes you a favor for helping him with the project.
owe sb (one) Thanks - I owe you one!