Word Origin & History
oweO.E. agan (pt. ahte) "to have, own," from P.Gmc. *aiganan "to possess" (cf. O.Fris. aga, O.N. eiga, O.H.G. eigan, Goth. aigan "to possess, have"), from PIE *aik- "to be master of, possess" (cf. Skt. ise "he owns," isah "owner, lord, ruler;" Avestan is- "riches," isvan- "well-off, rich"). Sense of "to
EXPANDhave to repay" began in late O.E. with the phrase agan to geldanne lit. "to own to yield," which was used to translate L. debere (earlier in O.E. this would have been sceal "shall"); by c.1175 the phrase had been shortened to simply agan, and
own (v.) took over this word's original sense. An original Gmc. preterite-present verb (cf. can, dare, may, etc.). New past tense form owed arose 15c. to replace oughte, which developed into
ought (1).
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