what is owed: an obligation one side is bound to hand over to the other, whether money or something money cannot buy
This is an everyday business word, the noun built on the common Greek verb "to owe" (ὀφείλω). Tax receipts and account records written on papyrus and on broken pottery from the centuries around the New Testament use it for a debt on the books or for unpaid tax. It carries the atmosphere of the counting house with it, not of the temple.
What holds its uses together is a single picture: something is owed, and it has to be handed over. The same verb for paying a creditor back governs it in both Romans and 1 Corinthians. What changes from verse to verse is only what is owed and to whom, and English needs a different phrase each time where Greek needed one word.
That plainness is the whole point in 1 Corinthians 7:3, where Paul names what a husband and wife owe each other with this one blunt word and says nothing further about it. Later copyists found the bluntness awkward and replaced it with gentler wording, which is why older English Bibles read "due benevolence" there. The oldest manuscripts have the plain word for what is owed, and modern translations have restored it.
Nuances
Whether framing marital sex as a debt owed makes the obligation genuinely mutual, and so cuts against ancient gender hierarchy, or whether a symmetrical debt still subordinates each spouse's body to the other's claim.
- contestedThe reciprocity is genuinely counter-cultural: husband and wife owe each other identically, and each is said to have authority over the other's body, with neither given more right over the other.; Richard B. Hays, "Paul on the Relation between Men and Women," in A Feminist Companion to Paul, ed. Amy-Jill Levine (London: T&T Clark, 2004); David E. Garland, 1 Corinthians, BECNT (Grand Rapids: Baker Academic, 2003)
- contestedEven a symmetrical debt still frames sex as something owed and exacted, so the passage reflects an unfinished negotiation over a wife's control of her own body rather than settling it.; Antoinette Clark Wire, The Corinthian Women Prophets: A Reconstruction through Paul's Rhetoric (Minneapolis: Fortress, 1990)