The term HAS DEBTS can be broken down into two crossword solutions: OWES (4 letters). This means that the person or entity in question has financial obligations to another party and is required to pay back a certain amount of money. This could be due to a loan, credit card debt, or any other type of financial obligation. The person or entity is said to have 'debts' because they are legally obligated to repay the money they owe.