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 victoty to his lieutenants. 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)
Origin: OE. Owen, awen,aghen, to have, own, have (to do), hence, owe, AS. Agan to have; akin to G. Eigen, a, own, Icel. Eiga to have, Dan. Eie, Sw. Aga, Goth. Aigan, Skr. . Cf. Ought, 2d Own, Fraught.