Crossword Genius

Married with a ring while still in debt (4)

Ross

I believe the answer is:

owed

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'while still in debt' is the definition.
I can't tell whether this defines the answer.

'married with a ring' is the wordplay.
'married' becomes 'wed' (wed can mean married).
'with' means one lot of letters go next to another.
'a ring' becomes 'o' (letter resembling a ring).
'wed' put after 'o' is 'OWED'.

Can you help me to learn more?

(Other definitions for owed that I've seen before include "Was obliged to pay" , "(Sum) due for payment" , "to be paid" , "Outstanding" , "Had an obligation to pay" .)

I've seen this clue in The Irish News.
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