credit

[ kred-it ]
/ ˈkrɛd ɪt /

noun

verb (used with object)

Verb Phrases

credit to / with to ascribe to a (thing, person, etc.): In former times many herbs were credited with healing powers.

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Idioms for credit

Origin of credit

1535–45; <Middle French <Old Italian credito<Latin crēditum loan, noun use of neuter of crēditus, past participle of crēdere to believe, confide, entrust, give credit

synonym study for credit

4-7, 9. Credit, repute, reputation, standing refer to one's status in the estimation of a community. Credit refers to business and financial status and the amount of money for which a person will be trusted. Repute is particularly what is reported about someone, the favor in which the person is held, etc.: a man of fine repute among his acquaintances. Reputation is the moral and other character commonly ascribed to someone: of unblemished reputation. Standing is one's position in a community, or rank and condition in life: a man of good standing and education.

OTHER WORDS FROM credit

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

FINANCIAL

What does credit mean in credit management?

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 can involve entrusting a buyer with goods or services without requiring immediate payment. Credit can also involve a transaction in which a lender provides financing to a borrower in return for future monthly repayments, usually including interest.

And if a person has a reputation for financial solvency and honesty, we can say that he or she has good credit.

Examples of credit in a sentence

“For applicants with excellent credit (740+), the average interest rate on a personal loan is typically between 12 and 14%.”
—“When Are Personal Loans A Good Idea?” Rocket Loans. Retrieved March 15, 2020.

“If you do qualify for a personal loan with bad credit, you can expect higher interest rates, lower approval amounts and less favorable terms.”
—“How To Get A Personal Loan,” Rocket Loans. Retrieved March 15, 2020.

“To see if you qualify for a loan, first check your credit, as that can be an important decision-making factor for the lender.”
—“What Is A Personal Loan?” Rocket Loans. Retrieved March 15, 2020.

Other terms connected with the topic of credit

Example sentences from the Web for credit

British Dictionary definitions for credit

credit
/ (ˈkrɛdɪt) /

noun

verb -its, -iting or -ited (tr)

See also credits

Derived forms of credit

creditless, adjective

Word Origin for credit

C16: from Old French crédit, from Italian credito, from Latin crēditum loan, from crēdere to believe
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

Cultural definitions for credit

credit

The ability to obtain goods, money, or services in return for a promise to pay at some later date.

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Idioms and Phrases with credit

credit

see do someone proud (credit to); extend credit to; get credit for; give credit where credit is due.

The American Heritage® Idioms Dictionary Copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.