Originally Posted by JamesK

own
adj.
Of or belonging to oneself or itself: She makes her own clothes.
n.
That which belongs to one: I wanted a room of my own.

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.
4. To be indebted or obliged for: owed their riches to oil; owes her good health to diet and exercise.
5. To bear (a certain feeling) toward a person or persons: You seem to owe your neighbors a grudge.
6. Archaic. To have as a possession; own.