Owe \Owe\, v. t. [imp. & p. p. Owed, (Oughtobs.); p. pr. & vb. n. Owing.]

[OE. owen, awen,aghen, to have, own, have (to do), hence, owe, AS. [=a]gan to have; akin to G. eigen, a., own, Icel. eiga to have, Dan. eie, Sw. ["a]ga, Goth. ['a]igan, Skr. ?. ????. Cf. Ought, v., 2d Own, Fraught.]

1. To possess; to have, as the rightful owner; to own. [Obs.]

Thou dost here usurp The name thou ow'st not. --Shak.

2. To have or possess, as something derived or bestowed; to be obliged to ascribe (something to some source); to be indebted or obliged for; as, he owed his wealth to his father; he owed his victory to his lieutenants. --Milton.

O deem thy fall not owed to man's decree. --Pope.

3. Hence: To have or be under an obigation to restore, pay, or render (something) in return or compensation for something received; to be indebted in the sum of; as, the subject owes allegiance; the fortunate owe assistance to the unfortunate.

The one ought five hundred pence, and the other fifty. --Bible (1551).

A son owes help and honor to his father. --Holyday.

Note: Owe was sometimes followed by an objective clause introduced by the infinitive. ``Ye owen to incline and bow your heart.'' --Chaucer.

4. To have an obligation to (some one) on account of something done or received; to be indebted to; as, to iwe the grocer for supplies, or a laborer for services.

Source: Webster's Revised Unabridged Dictionary (1913)