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tax credit

British

noun

(in Britain) a social security benefit paid in the form of an additional income tax allowance

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Bad credit significantly increases borrowing costs, which can add up to thousands of dollars over the life of a loan compared with someone who has a strong credit score.

From MarketWatch • Apr. 7, 2026

Bad credit also can cause you to be turned away from jobs or apartments, and require you to pay more for car and home insurance.

From Seattle Times • Jun. 20, 2022

“Late fee $500 on Friday. Bad credit in 30 days. I recommend you pay it!”

From New York Times • Nov. 30, 2016

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023