to owe money to someone► owe if you owe someone money, you have to pay them, either because you borrowed money from them or because you got something from them and have not yet paid for it: · The business collapsed, owing $50 million.· His job was to phone people who owed money and demand immediate payment.owe somebody something: · You still owe me $5.owe something to somebody: · We owe a lot of money to the bank.owe somebody something for something: · How much do we owe you for the milk?
► be in debt if you are in debt , you owe a lot of money and you have difficulty paying it: · The helpline offers financial advice to people who are in debt.get into debt (=start being in debt): · We got into debt when my wife lost her job.be £1000/$2000 etc in debt (=owe that amount): · The report showed that most students were over £1000 in debt on leaving college.be heavily in debt (=owe a very large amount of money): · Karen was forced to give up her job to look after her daughter, and the family is now heavily in debt.
► be overdrawn to owe money to your bank because you have spent more than you had in your bank account: · I'm always overdrawn at the end of the month.be $100/£200 etc overdrawn: · The bank wrote to tell us we were $500 overdrawn.
► be in the red to have spent more than you have earned: · My son's bank account is usually in the red.· After five quarters in the red, the business will soon be profitable.be deep in the red (=owe a lot more than you have): · Overseas payments could keep the country deep in the red for the next decade.
► be in arrears to have not paid money, such as rent, that you should pay at a particular time every month, year etc - used especially in official or legal documents: · Two out of three tenants are in arrears.be 6 months/3 weeks etc in arrears: · The number of mortgages over 12 months in arrears is rising.be £1000/$200 etc in arrears: · The country is reported to be $6 billion in arrears on its $115 billion debt.be in arrears with/on: · The courts can obtain payments for those in arrears with consumer credit agreements.
► be behind with to have not paid an amount that you should pay regularly at the right time: · I have no money in my bank account, and I'm behind with my rent.fall behind with something: · Unemployment is the major cause of people falling behind with their mortgage repayments.