Owed

The term 'owed' is the past participle of the verb 'owe.' It refers to the state of being in debt or having an obligation to repay a sum of money, a favor, or any other form of debt to another entity. It signifies a responsibility that remains until fulfilled, highlighting both financial and moral dimensions of commitment.

Owed meaning with examples

• After reviewing my financial records, I realized that I owed my friend a substantial amount for the concert tickets she fronted last month. I had intended to repay her sooner, but my unexpected expenses had made it difficult. Now, prioritizing this payment has become a must, as our friendship relies on mutual trust and respect.
• The company owed its employees a considerable bonus for their hard work over the past year. This was a great incentive to boost morale and maintain productivity during the challenging economic climate. The management team recognized the effort put in by the staff and wanted to show appreciation, ensuring the company ethos remained strong and supportive.
• When I decided to start my own business, I knew I owed it to my family for their unwavering support. They believed in my dreams and offered financial help when I needed it the most. This gratitude drives me to work harder and ensure my venture succeeds, so I can repay them not just in kind, but also in pride.
• During the charity event, I realized I owed my community more than just participation; I owed them a commitment to contribute positively. Knowing that they helped me grow into the person I am today, it was essential for me to give back. This obligation transforms into philanthropy, fostering a sense of shared responsibility and collective growth.