| 1. | commendation or honor given for some action, quality, etc.: Give credit where it is due. |
| 2. | a source of pride or honor: You are a credit to your school. |
| 3. | the ascription or acknowledgment of something as due or properly attributable to a person, institution, etc.: She got a screen credit for photography. |
| 4. | trustworthiness; credibility: a witness of credit. |
| 5. | confidence in a purchaser's ability and intention to pay, displayed by entrusting the buyer with goods or services without immediate payment. |
| 6. | reputation of solvency and probity, entitling a person to be trusted in buying or borrowing: Your credit is good. |
| 7. | influence or authority resulting from the confidence of others or from one's reputation. |
| 8. | time allowed for payment for goods or services obtained on trust: 90 days' credit. |
| 9. | repute; reputation; esteem. |
| 10. | a sum of money due to a person; anything valuable standing on the credit side of an account: He has an outstanding credit of $50. |
| 11. | Education.
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| 12. | Bookkeeping.
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| 13. | any deposit or sum of money against which a person may draw. |
| 14. | to believe; put confidence in; trust; have faith in. |
| 15. | to bring honor, esteem, etc., to; reflect well upon. |
| 16. | Bookkeeping. to enter upon the credit side of an account; give credit for or to. |
| 17. | Education. to award educational credits to (often fol. by with): They credited me with three hours in history. |
| 18. | credit to or with, to ascribe to a (thing, person, etc.): In former times many herbs were credited with healing powers. |
| 19. | do someone credit, to be a source of honor or distinction for someone. Also, do credit to someone. |
| 20. | on credit, by deferred payment: Everything they have was bought on credit. |
| 21. | to one's credit, deserving of praise or recognition; admirable: It is to his credit that he freely admitted his guilt. |

cred·it (krěd'ĭt) n.
[French, from Old French, from Old Italian credito, from Latin crēditum, loan, from neuter past participle of crēdere, to entrust; see kerd- in Indo-European roots.] |
Credit
1. A contractual agreement in which a borrower receives something of value now, with the agreement to repay the lender at some date in the future. Also, the borrowing capacity of an individual or company.
2. An accounting entry system that either decreases assets or increases liabilities.
Investopedia Commentary
2. The opposite transaction is a debit.
Related Links
The Importance of Your Credit Rating
See also: Bond, Credit Card, Credit Cliff, Credit Enhancement, Credit Spread, Debit, Line of Credit, Mortgage
credit
The ability to borrow or to purchase goods and services with payment delayed beyond delivery.
An accounting entry resulting in an increase in liabilities or owners' equity or in a decrease in assets. Compare debit.
The balance in an account.
credit
see do someone proud (credit to); extend credit to; get credit for; give credit where credit is due.