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.

Keep scrolling for more

Synonyms for credit

Synonyms: Noun

trust

Synonyms: Verb

accredit, ascribe, attribute, chalk up, impute, lay, put down

Visit the Thesaurus for More 

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.
See More

Recent Examples on the Web: Noun

Blake, to his credit, quickly apologized—with even more exclamation points!!!!!!!!! Kelly O'sullivan, Country Living, "Blake Shelton Accidentally Started Drama With a Fan on Twitter and It Was Very Awkward," 13 May 2019 What this means for you: To its credit, Microsoft has addressed several of the shortcomings my colleague Jared Newman addressed in his 2017 critique of To-Do’s shortcomings. Mark Hachman, PCWorld, "Wunderlist's death by a thousand cuts continues as Microsoft axes Cortana integration," 29 Mar. 2019 Next, get your travel credit in Tbilisi, Georgia, a rising-star travel destination that boasts one of the hottest up-and-coming wine regions around; and Montenegro, one of Europe’s newest countries, whose natural beauty will take your breath away. Lauren Hubbard, Town & Country, "6 Luxury Pre-Planned Trips You Need to Book Immediately," 15 Mar. 2019 But looking at some of his other credits (The Master, Her) and DC's ability to turn out a good film once in a while (Wonder Woman), Joker has the possibility of surprising. Darren Orf, Popular Mechanics, "The 2019 Sci-Fi Film Guide," 3 Jan. 2019 To his credit, Coe sounds like the smartest storyteller at your favorite, cozy neighborhood bar. Ars Staff, Ars Technica, "A few of our favorite podcasts in 2018, from new to new-to-us," 23 Dec. 2018 Its profits are plunging, its credit rating is one step above junk status, and it’s widely seen as lagging behind rivals like Waymo and General Motors in the quality of its autonomous technology. Andrew J. Hawkins, The Verge, "Ford’s self-driving cars are really good, but are they good enough to win?," 15 Nov. 2018 Leahy credits Vechery for being deep in the fertility space first before drawing her into the space. Marina Liao, Marie Claire, "What I Wear to Work: Carly Leahy, Co-Founder of Modern Fertility," 8 Apr. 2019 Now Dôen has linked with TheRealReal for the month of April, offering a $50 Dôen credit for every Dôen item consigned at TRR’s New York or Los Angeles stores. Steff Yotka, Vogue, "How Sustainable Is Consigning Clothing? TheRealReal Is Glad You Asked," 5 Apr. 2019

Recent Examples on the Web: Verb

The site features testimonials from people who credit Whole30 with changing their lives and improving their health. Gray Chapman, SELF, "A Nightmare About Nachos Made Me Realize That Dieting Was Causing Me Food Anxiety," 27 Mar. 2019 The first was Abraham Ortelius, the Flemish cartographer credited with inventing the modern Atlas. Meg Neal, Popular Mechanics, "We’ve Been Wrong Before: The Expanding Earth Theory," 3 Aug. 2018 Privacy - Terms In a memo to employees, health system CEO Rodney D. Reider credited Bolano with internal improvements that made rooms more readily available to patients, enabled speedier patient discharges and improved safety communication. David Staats, idahostatesman, "Leader of Saint Alphonsus' Boise hospital accepts Florida job," 29 June 2018 Knight, who grew up in Lake Forest, has been credited with changing the landscape for women in the sport as a three-time member of Team USA, which took gold at the 2018 Winter Olympics in PyeongChang. Yadira Sanchez Olson, Lake County News-Sun, "Condoleezza Rice and Olympic medalists look to 'shine a light' on women's empowerment," 27 June 2018 Moore recently took to Instagram to credit her beautiful brows to microblading, the cosmetic tattoo procedure that mimics brow hair strokes with under-the-skin pigment. Leah Prinzivalli, Allure, "Mandy Moore Just Proved How Natural Microbladed Brows Can Look," 22 Apr. 2019 Republicans sure want to credit them with doing so. Dylan Scott, Vox, "White evangelicals turned out for the GOP in big numbers again," 7 Nov. 2018 The industrial, minimalist space is punctuated by pops of colors from the bags on display—to be credited to Tokujin Yoshioka, a Japanese designer who's also worked with Louis Vuitton, Cartier, and Hermès. Bridget Hallinan, Condé Nast Traveler, "5 Fall Store Openings We're Excited About," 21 Sep. 2018 Gase was sure to credit the defense for Tuesday’s performance. Chris Perkins, Sun-Sentinel.com, "Dolphins' Ryan Tannehill showcasing knowledge in offseason workouts," 5 June 2018

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.

See More

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

Keep scrolling for more

Learn More about credit

Statistics for credit

Last Updated

19 May 2019

Look-up Popularity

Time Traveler for credit

The first known use of credit was in 1529

See more words from the same year

Keep scrolling for more

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

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.

Keep scrolling for more

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

Keep scrolling for more

More from Merriam-Webster on credit

Rhyming Dictionary: Words that rhyme with credit

Thesaurus: All synonyms and antonyms for credit

Spanish Central: Translation of credit

Nglish: Translation of credit for Spanish Speakers

Britannica English: Translation of credit for Arabic Speakers

Britannica.com: Encyclopedia article about credit

Comments on credit

What made you want to look up credit? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

to speak slightingly about or to degrade

Get Word of the Day daily email!

Test Your Vocabulary

Challenging Vocabulary Quiz Returns!

  • stylized drawing of woman pole vaulting across gap to get trophy
  • Which is a synonym of fuliginous?
True or False

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ
Word Winder's CrossWinder

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!