Meaning of the word owing in English

What does owing mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

owing

US /ˈoʊ.ɪŋ/
UK /ˈəʊ.ɪŋ/

Adjective

still to be paid; owed

Example:
The full amount is still owing.
There's a small sum owing to me.