what is the meaning of owed
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owe(owed -past tense)
to pay or give money to somebody for something that he /she has done or given.
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Answer:
It means you have to give something in return for some help that they did.
For example, Person A doesn't have a ticket and Person B gives A their ticket or gives money to buy one, then person A can say he/she owes person B...
I hope you understood...
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