Ve ne dobbiamo uno.

English Translation

We owe you one.

Can anyone explain what the ‘ve’ here signifies? Grazie!

It is the personal pronoun plural:
“We owe you (all) one.”
Adressing a single person it would be:
“Te ne dobbiamo uno.”
It is “ve/te” instead of “vi/ti” because another pronoun follows.

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Thank you MRgK. Great explanation!

Yes, an amazing explanation. Thanks you!

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