What It Scores
OWED is a valid word in the tournament list this site uses. Tile values only, before any premium square: 8 in Scrabble and 8 in Words With Friends. The letters break down as O1 W4 E1 D2.
Words Made From The Letters In OWED
15 shorter words come out of these tiles. On a board that matters more than the long play, because a short word on a premium square often beats a long one on plain squares.
3 letter words (7)
2 letter words (8)
Longer Words Containing OWED
OWED appears inside each of these, which is what makes it worth knowing as a hook.
Next: the Word Unscrambler for any letters at all. Full entry and definition at Merriam-Webster.