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Definition of credit
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 accountb : an amount or sum placed at a person's disposal by a bankc : 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 accounte : any one of or the sum of the items entered on the right-hand side of an accountf : a deduction from an amount otherwise due
3a : influence or power derived from enjoying the confidence of another or othersb : 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 degreeb : credit hour earned 15 credits last semester
People Are Reading
Examples of credit in a Sentence
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.
Recent Examples of credit from the Web
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That neither look their age may be a credit to good genes or the clean living that these two lifelong Mormons have long embraced.
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Osprey is working through a state housing tax credit program to ensure a large portion of those apartments are rented at affordable rates.
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Imposing temporary administration could also squeeze credit to small and medium-sized business, threaten inflation and harm the investment climate, according to their statement.
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Lomto attorney Andreou said the credit unions would prefer modifying the loans to repossessing the medallions, which are then resold in auction.
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Price classifications are approximate and based on a typical three-course dinner for one person, exclusive of drinks, tax, and tip; unless otherwise noted, these restaurants accept most credit cards.
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But still, there is currently no law in place that protects from nondiscrimination in credit and lending for LGBTQ Californians.
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Credit to Dimon for demanding that Congress get its act together in order for the economy to be on a higher growth trajectory.
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Moody’s, a credit-rating agency, predicts that manufacturing will contribute an increasing share of the Big Apple’s economy.
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.
Origin and Etymology of credit
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
Synonym Discussion of credit
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
Other Economics Terms
credit
Definition of credit
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 accountb : 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 humorb : to attribute to some person They credit the invention to him.
Examples of credit in a Sentence
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.
Recent Examples of credit from the Web
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Nunda Township Highway Commissioner Mike Lesperance credited Cicero with recruiting some 330 volunteers over the weekend to help fill sandbags.
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In the most recent edition of the National Geographic Atlas of the World in 2015, the note about the Larsen Ice Shelf was expanded to include information about Larsen B, and credited its collapse to exceptionally warm summers.
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The group is also credited in its grant review for stories critical of Jefferson County District Attorney Susan Happ, a Democrat who ran unsuccessfully for attorney general.
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May, a junior who partially credited his early morning breakfast of bacon and eggs for tge quality of his performance, knew the value of getting out to a fast start.
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The U.S. is one of the biggest players in AI, thanks to companies like Google and Facebook, and Rao also credits Canada and the U.K. as pioneers.
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.
Origin and Etymology of credit
partly from 1credit; partly from Latin creditus, past participle —see 1credit
Synonym Discussion of credit
Other Business Terms
Financial Definition of CREDIT
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.
CREDIT Defined for English Language Learners
credit
playDefinition of credit for English Language Learners
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: money that a bank or business will allow a person to use and then pay back in the future
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: a record of how well you have paid your bills in the past
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: an amount of money that is added to an account
credit
Definition of credit for English Language Learners
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: to add (an amount of money) to a total
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: to add money to (an account)
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: to give honor or recognition to (someone or something) for doing something or for making something happen
CREDIT Defined for Kids
Definition of credit for Students
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.
Word Root of credit
The Latin word credere, meaning “to believe,” gives us the root cred. Words from the Latin credere have something to do with believing someone or something. Something credible is easy to believe, while something incredible is so out of the ordinary that it is difficult to believe. Giving credit to something someone says is believing that it is true.
Definition of credit for Students
credited
;crediting
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 2 Don't credit a statement from a stranger.
Law Dictionary
credit
Legal Definition of credit
1 : recognition — see also full faith and credit
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 States — U.S. Constitution art. I d : letter of credit
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
credit
Legal Definition of credit
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
Learn More about credit
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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
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