Poem for recital not settled yet (4)

I believe the answer is:
owed
'settled yet' is the definition.
The definition and answer can be both to do with ownership as well as being past participle verbs.
Perhaps they are linked in a way I don't understand?
'poem for recital' is the wordplay.
'poem' becomes 'ode' (ode is a type of poem).
'for recital' shows a homophone (sound like).
'ode' is a homophone of 'OWED'.
'not' acts as a link.
Can you help me to learn more?
(Other definitions for owed that I've seen before include "Was indebted" , "In debt to" , "Had a duty to pay" , "Was due to pay" , "Was obliged to pay" .)
