Meaning & use

I owe you one

phrase·Everydayinformal

Last updated

UK/ˌaɪ ˈəʊ juː ˈwʌn/
US/ˌaɪ ˈoʊ juː ˈwʌn/

Meaning

  1. phrasefixed phraseinformal

    Said to thank someone for a favor and to show you will help them in return some time.

    Grammar: Always said as a complete sentence; the pronoun you can change to him or her when talking about someone else.

    Patterns

    • I owe you one
    • I owe him one

    Thanks for covering my shift, I owe you one.

    You gave me a ride to the airport at six in the morning, so I owe you one.

    She fixed my laptop in ten minutes, and I told her I owed her one.

Common combinations

thanks, I owe you one
Thanks, I owe you one for picking up the kids.
I really owe you one
I really owe you one for helping me move.
I owe you one for that
You saved my presentation, so I owe you one for that.
call in a favor
If I ever need help, I'll call in the favor because you owe me one.

Synonyms and how they differ

I'm in your debt
I'm in your debt is more formal and suggests a bigger favor than the casual I owe you one.
much obliged
Much obliged is old-fashioned politeness, but it does not promise anything in return.
thanks a lot
Thanks a lot only expresses gratitude, while I owe you one adds a promise to repay the favor.
I'll make it up to you
I'll make it up to you is used when you caused a problem, not when someone helped you.

Word family

owe verb
to have a duty to repay or thank someone
owing adjective
still to be paid
IOU noun
a written note promising to repay a debt

Commonly confused: I owe you one or I owe you?

I owe you one vs I owe you

I owe you can mean a debt of money or a favor, but I owe you one is nearly always a light promise to return a small favor.

Practice

A friend stays late to help you finish a project. Which reply best thanks her and promises a favor back?

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