credit

noun
cred·​it | \ ˈkre-dit How to pronounce credit (audio) \

Definition of credit

 (Entry 1 of 2)

1 : reliance on the truth or reality of something gave credit to everything he said Give no credit to idle rumors.
2a : 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 They 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
3a : 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
6a : something that gains or adds to reputation or esteem : honor He 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 (such as a film or telecast) the opening credits
8a : recognition by a school or college that a student has fulfilled a requirement leading to a degree
b : credit hour earned 15 credits last semester

credit

verb
credited; crediting; credits

Definition of credit (Entry 2 of 2)

transitive verb

1 : to trust in the truth of : believe find his story hard to credit
2 : to supply goods on credit to
3 archaic : to bring credit or honor upon
4a : to enter upon the credit side of an account
b : to place an amount to the credit of credit his account with ten dollars
5a : to consider usually favorably as the source, agent, or performer of an action or the possessor of a trait credits him with an excellent sense of humor
b : to attribute to some person They credit the invention to him.

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Synonyms for credit

Synonyms: Noun

Synonyms: Verb

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Choose the Right Synonym for credit

Noun

belief, faith, credence, credit mean assent to the truth of something offered for acceptance. belief may or may not imply certitude in the believer. my belief that I had caught all the errors faith almost always implies certitude even where there is no evidence or proof. an unshakable faith in God credence suggests intellectual assent without implying anything about grounds for assent. a theory now given credence by scientists credit may imply assent on grounds other than direct proof. gave full credit to the statement of a reputable witness

influence, authority, prestige, weight, credit mean power exerted over the minds or behavior of others. influence may apply to a force exercised and received consciously or unconsciously. used her influence to get the bill passed authority implies the power of winning devotion or allegiance or of compelling acceptance and belief. his opinions lacked authority prestige implies the ascendancy given by conspicuous excellence or reputation for superiority. the prestige of the newspaper weight implies measurable or decisive influence in determining acts or choices. their wishes obviously carried much weight credit suggests influence that arises from the confidence of others. his credit with the press

Verb

ascribe, attribute, assign, impute, credit mean to lay something to the account of a person or thing. ascribe suggests an inferring or conjecturing of cause, quality, authorship. forged paintings formerly ascribed to masters attribute suggests less tentativeness than ascribe, less definiteness than assign. attributed to Rembrandt but possibly done by an associate assign implies ascribing with certainty or after deliberation. assigned the bones to the Cretaceous period impute suggests ascribing something that brings discredit by way of accusation or blame. tried to impute sinister motives to my actions credit implies ascribing a thing or especially an action to a person or other thing as its agent, source, or explanation. credited his teammates for his success

Examples of credit in a Sentence

Noun 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. Verb Your payment of $38.50 has been credited to your account. The bank is crediting your account for the full amount. They credited the rescue to his quick thinking.
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Recent Examples on the Web: Noun Who has time for shame when there’s a Vanilla Ice cameo to squeeze in before the closing credits? Amy Nicholson, New York Times, "‘The Wrong Missy’ Review: Bad Romance," 14 May 2020 For options regarding refunds or credits toward future TSS events, ticketholders should visit talladegasuperspeedway.com/assistance. Creg Stephenson | Cstephenson@al.com, al, "Talladega NASCAR races re-scheduled for June with no spectators," 14 May 2020 By temporarily limiting tax credits to $5 million per taxpayers, state finance officials estimate California can raise an additional $4.4 billion next year and nearly $5 billion in the two years after that. Alexei Koseff, SFChronicle.com, "How Gavin Newsom plans to close California’s huge budget gap during coronavirus pandemic," 14 May 2020 Those looking ahead to next season can roll over payments for this year to their account and get a 10% appreciation credit on top of the ticket value to their 2021 account. Pat Brennan, Cincinnati.com, "Here's how you can get a refund for FC Cincinnati matches affected by the COVID-19 pandemic," 14 May 2020 See also: With college credit on the line, JCPS students take AP exams at home Reporter Mandy McLaren and Ben Tobin contributed to this story. Ben Tobin, The Courier-Journal, "COVID-19 roundup: Kentucky's unemployment ranks inch toward 40% amid coronavirus pandemic," 14 May 2020 Major credit is due to the many local and tribal governments who recognized the urgency and responded appropriately. Milwaukee Journal Sentinel, "Wisconsin's stay-at-home order has been overturned by the state Supreme Court; here's how people are responding," 13 May 2020 Fred Meyer also is declining returns (including refunds, store credits and product exchanges) out of safety concerns, with the exception of fresh produce, meat, seafood or deli product that doesn’t meet the store’s freshness standards. oregonlive, "Portland-area grocery stores continue adapting to coronavirus crisis; more require shoppers to wear face masks," 13 May 2020 The group will grow to 1.9 million by January 2021 when worker unemployment benefits expire, leaving them with incomes below the threshold to qualify for tax credits. Caitlin Conant, CBS News, "2020 Daily Trail Markers: 20 million more now eligible for Obamacare coverage," 13 May 2020 Recent Examples on the Web: Verb Burr himself credits reporting from CNBC’s bureaus in Asia for informing his decisions. Philip Elliott, Time, "Under Scrutiny for Stock Sales, Senator Richard Burr to Set Aside Intel Committee Gavel," 14 May 2020 Samuel-Meda credits an abrupt change in routine and lost support systems for the sharp uptick in cases. Perry Vandell, azcentral, "Another group that COVID-19 has impacted: People with addiction trying to get or stay sober," 14 May 2020 If approved, rental assistance will be directly payable to the landlord, who will then credit the tenant's account. Shacamree Gowdy, Houston Chronicle, "City of Houston approves $15 million COVID-19 rental assistance program," 12 May 2020 Despite the Hong Kong government’s continuing ban on face masks, Hong Kong’s health authorities openly credited the near-universal mask wearing among the people for avoiding a surge in cases. Zeynep Tufekci, The Atlantic, "Don’t Give Hong Kong’s Government the Credit," 12 May 2020 There would have been no Elton John, queening in front of millions, or David Bowie, who freely credited Little Richard’s inspiration. New York Times, "No Prince Without the King," 11 May 2020 Musk credited his partner, art pop musician Grimes, with the moniker. Aarian Marshall, Wired, "Fantastical Plans Are on Hold, and More Car News This Week," 10 May 2020 Levithan credits the real-world parallels to war and politics as the reason why people became so passionate about this trilogy. Sydney Bucksbaum, EW.com, "The Hunger Games binge-read: Revisiting how the original trilogy began ahead of the prequel," 8 May 2020 Even Paranormal Activity, a rare low-budget independent movie that became a blockbuster, credits a cast of nine and a crew of a couple dozen more. Caroline Delbert, Popular Mechanics, "Tom Cruise Is Making a Movie in Space, Which Seems Like an, Uh, Impossible Mission," 6 May 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'credit.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of credit

Noun

1529, in the meaning defined at sense 3

Verb

circa 1530, in the meaning defined at sense 1

History and Etymology for credit

Noun

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

Verb

partly from credit entry 1; partly from Latin creditus, past participle — see credit entry 1

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Time Traveler for credit

Time Traveler

The first known use of credit was in 1529

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Statistics for credit

Last Updated

18 May 2020

Cite this Entry

“Credit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/credit. Accessed 29 May. 2020.

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More Definitions for credit

credit

noun

Financial Definition of credit

What It Is

Credit is an agreement whereby a financial institution agrees to lend a borrower a maximum amount of money over a given time period. Interest is typically charged on the outstanding balance.

In the accounting world, a credit is also a journal entry reflecting an increase in assets.

How It Works

Credit cards and home equity lines are examples of credit. Your bar tab is another form of credit.

Not all lines of credit are alike. The borrower's creditworthiness and relationship with the lender affect the terms of the lending agreement, as does bank competition, prevailing market conditions and the size of the line in question. Some lenders apply fixed amortization rates to outstanding balances on a line of credit, while some permit interest-only payments for a time, followed by a lump-sum payment of the principal. If the lender has the right to demand repayment at any time, this is called demand credit.

As with any debt, a wide array of specific terms and requirements may apply to a line of credit. It is common in a revolving line of credit, for example, for the lender to charge a company a commitment fee to keep the unborrowed portion of the line available to the borrower. Lenders also may require a compensating balance, liens on the borrower's assets or collateral on a percentage of the line. This is called securing the line. Some lines of credit are unsecured and are thus not backed by specific assets (this often the case with credit cards). Interest rates on unsecured lines are generally higher than secured lines to compensate the lender for the added risk in the event of a default.

Why It Matters

Credit gives borrowers the ability to purchase goods and services (or for companies, credit gives borrowers the ability to invest in projects) that they normally might not be able to afford. By lending the money, creditors make money by charging interest while helping borrowers pursue their projects. However, as many people have learned the hard way, taking on too much debt can cause a lifetime of damage.

Source: Investing Answers

credit

noun
How to pronounce credit (audio)

English Language Learners Definition of credit

 (Entry 1 of 2)

: money that a bank or business will allow a person to use and then pay back in the future
: a record of how well you have paid your bills in the past
: an amount of money that is added to an account

credit

verb

English Language Learners Definition of credit (Entry 2 of 2)

: to add (an amount of money) to a total
: to add money to (an account)
: to give honor or recognition to (someone or something) for doing something or for making something happen

credit

noun
cred·​it | \ ˈkre-dət How to pronounce credit (audio) \

Kids Definition of credit

 (Entry 1 of 2)

1 : recognition or honor received for some quality or work A doctor was given credit for the discovery. She got extra credit for her report.
2 : the balance in an account in a person's favor
3 : money or goods or services allowed to a person by a bank or business with the expectation of payment later
4 : good reputation especially for honesty : high standing
5 : a source of honor or pride You are a credit to your school.
6 : a unit of schoolwork I took two credits in Spanish.
7 : belief or trust in the truth of something These rumors deserve no credit.

credit

verb
credited; crediting

Kids Definition of credit (Entry 2 of 2)

1 : to give recognition or honor to for something The team credited their coach for the championship.
2 : to place something in a person's favor on (a business account) We will credit your account with ten dollars.
3 : believe sense 2 Don't credit a statement from a stranger.

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credit

noun
cred·​it

Legal Definition of credit

 (Entry 1 of 2)

2a : 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 to borrow money on the credit of the United StatesU.S. Constitution art. I
3a : a deduction from an expense or asset account
b : a reduction of an amount otherwise due especially : tax credit a credit for child-care expenses — compare deduction, exclusion, exemption

Legal Definition of credit (Entry 2 of 2)

1 : to supply goods on credit to
2 : to trust in the truth of
3a : to enter upon the credit side of an account
b : to place an amount to the credit of credit his account with ten dollars

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Comments on credit

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