credit
1cred·it
noun \ˈkre-dit\Definition of CREDIT
1
: reliance on the truth or reality of something <gave credit to everything he said>
2
a : the balance in a person's favor in an account b : an amount or sum placed at a person's disposal by a bank c : the provision of money, goods, or services with the expectation of future payment <long-term credit>; also : money, goods, or services so provided <exhausted their credit> d (1) : an entry on the right-hand side of an account constituting an addition to a revenue, net worth, or liability account (2) : a deduction from an expense or asset account e : any one of or the sum of the items entered on the right-hand side of an account f : a deduction from an amount otherwise due
3
a : influence or power derived from enjoying the confidence of another or others b : good name : esteem; also : financial or commercial trustworthiness
4
archaic : credibility
5
: a source of honor <a credit to the school>
6
a : something that gains or adds to reputation or esteem : honor <took no credit for his kindly act> b : recognition, acknowledgment <quite willing to accept undeserved credit>
7
: recognition by name of a person contributing to a performance (as a film or telecast) <the opening credits>
8
a : recognition by a school or college that a student has fulfilled a requirement leading to a degree b : credit hour
See Examples of CREDIT
- banks that extend credit to the public
- You need to have a strong credit history and a good job in order to get a mortgage.
- A credit of $50 was added to your account.
- All the credit must go to the play's talented director.
- She's finally getting the credit she deserves.
- He shared the credit with his parents.
- You've got to give her credit; she knows what she's doing.
Origin of CREDIT
Middle French, from Old Italian credito, from Latin creditum something entrusted to another, loan, from neuter of creditus, past participle of credere to believe, entrust — more at creed
First Known Use: 1537
Related to CREDIT
Other Economics Terms
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