Credit (noun) Definition, Meaning & Examples

noun
  1. commendation or honor given for some action, quality, etc.: The charity deserves credit for helping many poor families make ends meet during the recession.
  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.: He got credit for research actually done by his colleague.It is always best to give credit where credit’s due.
  4. Usually credits .
    • acknowledgment of a person’s contribution to the making of a movie or television program, typically displayed in a list that scrolls down the screen at the beginning or end: She got screen credits for photography.
    • a similar acknowledgment in a publication: The paper’s policy is to list credits for theater productions at the end of reviews.
  5. trustworthiness; credibility: a witness of credit.
  6. influence or authority resulting from the confidence of others or from one's reputation.
  7. favorable repute; reputation; esteem.
  8. Finance.
    • reputation of solvency and honesty, entitling a person or business to be trusted in buying or borrowing: Your credit is good.
    • an agreement to entrust a buyer with goods or services without immediate payment, based on confidence in the buyer’s ability and intention to pay: She bought the air conditioner on credit with no money down.
    • the time allowed for payment of goods or services obtained on trust: 90 days' credit.
    • an amount of money that a financial institution lends or makes available to a client, to be repaid typically in monthly installments including interest: The bank extended the couple credit to finance the remodeling of their home.
  9. a sum of money due to a person; anything valuable standing on the credit side of an account against which a person may draw: He has a store credit of $50.
  10. Education.
    • official acceptance and recording of the work completed by a student in a particular course of study.
    • one unit of academic credit; a credit hour.
  11. Bookkeeping.
    • an entry of payment or value received on an account.
    • the right-hand side of an account on which such entries are made (opposed to debit).
    • an entry, or the total shown, on the credit side.
verb (used with object)
  1. to believe; put confidence in; have faith in; trust.
  2. to bring honor, esteem, etc., to; reflect well upon.
  3. to enter upon the credit side of an account; give credit for or to.
  4. to award educational credits to (often followed by with): They credited me with three hours in history.
Verb Phrases
  1. to ascribe to a (thing, person, etc.): In former times many herbs were credited with healing powers.
Idioms
  1. to be a source of honor or distinction for someone.
  2. deserving of praise or recognition; admirable: It is to his credit that he freely admitted his guilt.
noun
  1. commendation or approval, as for an act or quality
  2. a person or thing serving as a source of good influence, repute, ability, etc
  3. the quality of being believable or trustworthy
  4. influence or reputation coming from the approval or good opinion of others
  5. belief in the truth, reliability, quality, etc, of someone or something
  6. a sum of money or equivalent purchasing power, as at a shop, available for a person's use
    • the positive balance in a person's bank account
    • the sum of money that a bank makes available to a client in excess of any deposit
    • the practice of permitting a buyer to receive goods or services before payment
    • the time permitted for paying for such goods or services
  7. reputation for solvency and commercial or financial probity, inducing confidence among creditors
  8. accounting
    • acknowledgment of an income, liability, or capital item by entry on the right-hand side of an account
    • the right-hand side of an account
    • an entry on this side
    • the total of such entries
    • (as modifier)
  9. short for tax credit
  10. education
    • a distinction awarded to an examination candidate obtaining good marks
    • a section of an examination syllabus satisfactorily completed, as in higher and professional education
  11. an order authorizing a named person to draw money from correspondents of the issuer
  12. with payment to be made at a future date
verb -its, -iting or -ited (tr)
  1. to ascribe (to); give credit (for)
  2. to accept as true; believe
  3. to do credit to
  4. accounting
    • to enter (an item) as a credit in an account
    • to acknowledge (a payer) by making such an entry
  5. to award a credit to (a student)
Credit (noun) Definition, Meaning & Examples

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