Crossword Genius

Now Edward has to have been obliged (4)

Ross

I believe the answer is:

owed

I'm a little stuck... Click here to teach me more about this clue!

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

'now edward has to have' is the wordplay.
'to have' indicates a hidden word.
'OWED' is hidden in the letters of 'now edward has'.

Can you help me to learn more?

(Other definitions for owed that I've seen before include "to be paid" , "In debt to" , "Was obliged to pay" , "Had a duty to pay" , "Had an obligation to pay" .)

I've seen this clue in The Mirror.
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