Mr. Owed

"Mr. Owed" refers to the amount of money someone (the debtor) is obligated to pay to another person or entity (the creditor). It represents a financial obligation resulting from loans, services, or purchases. When you owe money, you are said to be "in debt" to the creditor, and the outstanding amount is called "the owed." Managing and understanding what you owe is important for financial health, ensuring you meet your obligations on time and maintain good credit standing.