Now Edward has been obliged (4)

I believe the answer is:

owed

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'been obliged' is the definition.
I can't tell whether this definition defines the answer.

'now edward has' is the wordplay.
'has' indicates a hidden word.
'OWED' can be found hidden inside 'now edward'.

Can you help me to learn more?

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

I've seen this clue in The Mirror.

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