1.
owed v past verb, past simple: Past tense--for example, "He saw the man." To be indebted to the amount of: He owes me five dollars. 4.

To have a moral or legal obligation to render or offer: I owe them an apology. 5.

Inflections of 'owe' (v): (⇒ conjugate) owes v 3rd person singular owing v pres p verb, present participle: -ing verb used descriptively or to form progressive verb--for example, "a singing bird," "It is singing." "She laughed."

To be in debt to: We owe the plumber for services rendered.

ing, owes v.tr. 3. 2. To be indebted or obliged for: owed their riches to oil; owes her good health to diet and exercise.