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credit

 - 9 dictionary results
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cred⋅it

  [kred-it]
Use credit in a Sentence
–noun
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.
a. official acceptance and recording of the work completed by a student in a particular course of study.
b. a credit hour.
12. Bookkeeping.
a. an entry of payment or value received on an account.
b. the right-hand side of an account on which such entries are made (opposed to debit ).
c. an entry, or the total shown, on the credit side.
13. any deposit or sum of money against which a person may draw.
–verb (used with object)
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.
—Verb phrase
18. credit to or with, to ascribe to a (thing, person, etc.): In former times many herbs were credited with healing powers.
—Idioms
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.
Origin:
1535–45; < MF < OIt credito < L crēditum loan, n. use of neut. of crēditus, ptp. of crēdere to believe, confide, entrust, give credit

Related forms:
cred⋅it⋅less, adjective

Synonyms:
4–7, 9. Credit, repute, reputation, standing refer to one's status in the estimation of a community. Credit refers to business and financial status and the amount of money for which a person will be trusted. Repute is particularly what is reported about someone, the favor in which the person is held, etc.: a man of fine repute among his acquaintances. Reputation is the moral and other character commonly ascribed to someone: of unblemished reputation. Standing is one's position in a community, or rank and condition in life: a man of good standing and education.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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cred·it   (krěd'ĭt)   
n.  

  1. Belief or confidence in the truth of something. See Synonyms at belief.

  2. A reputation for sound character or quality; standing: It is to their credit that they worked so hard without complaining.

  3. A source of honor or distinction: This exceptional athlete is a credit to our team.

  4. Recognition or approval for an act, ability, or quality: gave them credit for a job well done.

  5. Influence based on the good opinion or confidence of others.

  6. An acknowledgment of work done, as in the production of a motion picture or publication. Often used in the plural: At the end of the film we stayed to watch the credits.

    1. Official certification or recognition that a student has successfully completed a course of study: He received full credit for his studies at a previous school.

    2. A unit of study so certified: This course carries three credits.

    3. An arrangement for deferred payment of a loan or purchase: a store that offers credit; bought my stereo on credit.

    4. The terms governing such an arrangement: low prices and easy credit.

    5. The time allowed for deferred payment: an automatic 30-day credit on all orders.

    6. The deduction of a payment made by a debtor from an amount due.

    7. The right-hand side of an account on which such amounts are entered.

    8. An entry or the sum of the entries on this side.

    9. The positive balance or amount remaining in a person's account.

    10. A credit line.

  8. Reputation for solvency and integrity entitling a person to be trusted in buying or borrowing: You should have no trouble getting the loan if your credit is good.

    1. An arrangement for deferred payment of a loan or purchase: a store that offers credit; bought my stereo on credit.

    2. The terms governing such an arrangement: low prices and easy credit.

    3. The time allowed for deferred payment: an automatic 30-day credit on all orders.

    4. The deduction of a payment made by a debtor from an amount due.

    5. The right-hand side of an account on which such amounts are entered.

    6. An entry or the sum of the entries on this side.

    7. The positive balance or amount remaining in a person's account.

    8. A credit line.

  10. Accounting

    1. The deduction of a payment made by a debtor from an amount due.

    2. The right-hand side of an account on which such amounts are entered.

    3. An entry or the sum of the entries on this side.

    4. The positive balance or amount remaining in a person's account.

    5. A credit line.

tr.v.   cred·it·ed, cred·it·ing, cred·its

  1. To believe in; trust: "She refused steadfastly to credit the reports of his death" (Agatha Christie).

    1. To regard as having performed an action or being endowed with a quality: had to credit them with good intentions.

    2. To ascribe to a person; attribute: credit the invention to him. See Synonyms at attribute.

    3. To enter as a credit: credited $500 to her account.

    4. To make a credit entry in: credit an account.

  3. Accounting

    1. To enter as a credit: credited $500 to her account.

    2. To make a credit entry in: credit an account.

  4. To give or award an educational credit to.

  5. Archaic To bring honor or distinction to.


[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.]
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Cultural Dictionary

credit

The ability to obtain goods, money, or services in return for a promise to pay at some later date.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Word Origin & History

credit 
1526, from L. creditum "a loan, thing entrusted to another," from pp. of credere "to trust, entrust, believe." The commercial sense was the original one in Eng. (creditor is from 1447). Meaning "honor, acknowledgment of merit," is from 1607. Academic sense of "point for completing a course of study" is 1904. Movie/broadcasting sense is 1914. Credible "believable" is from c.1374. Credibility gap is 1966, Amer.Eng., in reference to official statements about the Vietnam War. Credit card is from 1952; the phrase was used late 19c. to mean "traveler's check."
Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

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

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

credit

  1. The ability to borrow or to purchase goods and services with payment delayed beyond delivery.

  2. An accounting entry resulting in an increase in liabilities or owners' equity or in a decrease in assets. Compare debit.

  3. The balance in an account.


Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
Cite This Source
Legal Dictionary

Main Entry: 1cred·it
Function: noun
1 : RECOGNITION —see also FULL FAITH AND CREDIT
2 a : the balance in an account which may be drawn upon and repaid later —compare LOAN b : the use of resources (as money) in the present obtained by the debtor's promise to repay the creditor in the future usually with interest as compensation to the creditor and often secured by a pledge of property or the right to attach the debtor's income in case of a failure to repay —see also CONSUMER CREDIT —compare DEBT c : financial reputation credit of the United States —U.S. Constitution article I> d : LETTER OF CREDIT
3 a : a deduction from an expense or asset account b : a reduction of an amount otherwise due; especially : TAX CREDIT credit for child-care expenses> —compare DEDUCTION, EXCLUSION, EXEMPTION

Main Entry: 2credit
Function: transitive verb
1 : to supply goods on credit to
2 : to trust in the truth of
3 a : to enter upon the credit side of an account b : to place an amount to the credit of <credit his account with ten dollars>
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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Idioms & Phrases

credit

see do someone proud (credit to); extend credit to; get credit for; give credit where credit is due.

The American Heritage® Dictionary of Idioms by Christine Ammer.
Copyright © 1997. Published by Houghton Mifflin.
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