Originally Posted by pradaboy

v. owned, own·ing, owns
v. tr.

1.
1. To have or possess as property: owns a chain of restaurants.
2. To have control over: For a time, enemy planes owned the skies.
2. To admit as being in accordance with fact, truth, or a claim; acknowledge.

What he means:

owe
v. owed, ow·ing, owes
v. tr.

1. To be indebted to the amount of: He owes me five dollars.
2. To have a moral obligation to render or offer: I owe them an apology.
3. To be in debt to: We owe the plumber for services rendered.

Just busting his balls