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- Dictionarycredit/ˈkrɛdɪt/
noun
- 1. the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future: "I've got unlimited credit" Similar
- 2. an entry recording a sum received, listed on the right-hand side or column of an account: "the columns should be added across and down and the total debits should equal the total credits"
verb
- 1. publicly acknowledge a contributor's role in the production of (something published or broadcast): "the screenplay is credited to one American and two Japanese writers" Similar
- 2. add (an amount of money) to an account: "this deferred tax can be credited to the profit and loss account"
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to do something that makes a person, group, or organization feel proud or receive praise: She is a credit to her family. See more. someone does someone credit. someone has done well or behaved well in a way that means someone connected with them should receive praise: She does her teachers credit. See more. something does someone credit.
The meaning of CREDIT is reliance on the truth or reality of something. How to use credit in a sentence. Synonym Discussion of Credit.
Feb 13, 2023 · Credit is typically defined as an agreement between a lender and a borrower. Credit can also refer to an individual's or a business's creditworthiness.
The term credit has several financial meanings, but all of them are based on the confidence and trust that lenders or vendors have in an individual’s ability to pay in a timely fashion. (Credit is ultimately derived from Latin crēdere “to believe, entrust, give credit.”)
CREDIT definition: 1. a way of buying something in which you arrange to pay for it at a later time: 2. praise that is…. Learn more.
Credit is a system where you pay for goods or services several weeks or months after you have received them.
The word credit can have many meanings — from giving someone the recognition they deserve, to providing goods or services for payment that comes at a later date. The meanings of credit don't end with borrowing money to pay at a later date or giving someone your approval.
Definition of credit noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
noun. /ˈkrɛdət/ buy now–pay later. [uncountable] an arrangement that you make, with a store for example, to pay later for something you buy to get/refuse credit We bought the dishwasher on credit. to offer interest-free credit (= allow someone to pay later, without any extra charge) a credit agreement credit terms Your credit limit is now $2,000.
n. 1. a. An arrangement for deferred payment of a loan or purchase: a store that offers credit; bought my stereo on credit. b. The terms governing such an arrangement: low prices and easy credit. c. The time allowed for deferred payment: an automatic 30-day credit on all orders. 2. a. The deduction of a payment made by a debtor from an amount due.
