1. Verb: When "owe" is used to describe the act of being indebted or obligated to pay or repay something, it is a verb.
* Example: "I owe you $10."
2. Noun: When "owe" is used as a noun, it refers to something that is owed or due. This usage is less common.
* Example: "The company has an owe of $100,000."
In most cases, "owe" is used as a verb.