credit
credit definition
credit (kred′it)
noun
- belief or trust; confidence; faith
- Rare the quality of being credible or trustworthy
- the favorable estimate of a person's character; reputation; good name
- one's influence based on one's reputation
- praise or approval to which one is entitled; commendation to deserve credit for trying
- a person or thing bringing approval or honor a credit to the team
- acknowledgment of work done or assistance given
- a list of such acknowledgments in a film, television program, book, etc.
- the amount of money remaining in a bank account, etc.
- a sum of money made available by a bank, on which a specified person or firm may draw
- such sums collectively
- Accounting
- the acknowledgment of payment on a debt by entry of the amount in an account
- the right-hand side of an account, where such amounts are entered
- an entry on this side
- the sum of such entries
- sum deducted (from an amount owed) or added (as to a bank account) in making an adjustment
- Business
- trust in one's integrity in money matters and one's ability to meet payments when due
- one's financial reputation or status
- the time allowed for payment
- permission to pay later for goods or services, or a system for doing so a store that extends credit to its best customers
- ☆ Educ.
- the certification of a student's successful completion of a unit or course of study
- a unit of work so certified
Etymology: Fr crédit < It credito < L creditus, pp. of credere: see creed
transitive verb
- to believe in the truth, reliability, etc. of; trust
- to give credit to or deserved commendation for
- to give credit in a bank account, charge account, etc.
- Rare to bring honor to
- Accounting to enter on the credit side
- ☆ Educ. to enter a credit or credits on the record of (a student)
credit Idioms
credit someone with
to believe that someone has or is responsible for; ascribe to someone
do credit to
to bring approval or honor to
give credit to
- to have confidence or trust in; believe
- to commend
give one credit for
- to commend one for
- to believe or recognize that one has
on credit
with the agreement that payment will be made at a future date
to one's credit
bringing approval or honor to one
Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.
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