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Idioms And Phrases

credit

[ kred-it ]

/ ˈkrɛd ɪt /

noun

commendation or honor given for some action, quality, etc.: Give credit where it is due.

a source of pride or honor: You are a credit to your school.

the ascription or acknowledgment of something as due or properly attributable to a person, institution, etc.: She got a screen credit for photography.

trustworthiness; credibility: a witness of credit.

confidence in a purchaser's ability and intention to pay, displayed by entrusting the buyer with goods or services without immediate payment.

reputation of solvency and probity, entitling a person to be trusted in buying or borrowing: Your credit is good.

influence or authority resulting from the confidence of others or from one's reputation.

time allowed for payment for goods or services obtained on trust: 90 days' credit.

repute; reputation; esteem.

a sum of money due to a person; anything valuable standing on the credit side of an account: He has an outstanding credit of $50.

Education.

official acceptance and recording of the work completed by a student in a particular course of study.
a credit hour.

Bookkeeping.

an entry of payment or value received on an account.
the right-hand side of an account on which such entries are made (opposed to debit).
an entry, or the total shown, on the credit side.

any deposit or sum of money against which a person may draw.

verb (used with object)

to believe; put confidence in; trust; have faith in.

to bring honor, esteem, etc., to; reflect well upon.

Bookkeeping. to enter upon the credit side of an account; give credit for or to.

Education. to award educational credits to (often followed by with): They credited me with three hours in history.

Verb Phrases

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

QUIZZES

BECOME A PRO CHEF WITH THIS EXQUISITE CUISINE QUIZ!

Even if you can't be a professional chef, you can at least talk like one with this vocabulary quiz.

Question 1 of 9

You may have read the word "simmer" in a recipe or two, but what does it really mean?

To cook in water that begins cold and then reaches a boil.

To stew in a sauce for a long time.

To cook in water, just below boiling temperature.

TAKE THE QUIZ TO FIND OUT

Idioms for credit

do someone credit, to be a source of honor or distinction for someone.Also do credit to someone.

on credit, by deferred payment: Everything they have was bought on credit.

to one's credit, deserving of praise or recognition; admirable: It is to his credit that he freely admitted his guilt.

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

cred·it·less, adjectiveo·ver·cred·it, verbpre·cred·it, verb (used with object)su·per·cred·it, noun

un·cred·it·ed, adjectivewell-cred·it·ed, adjective

Words nearby credit

credenza, Credé's method, credibility, credibility gap, credible, credit, creditable, credit account, credit bureau, credit card, credit crunch

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.

Example sentences from the Web for credit

Issues around one wage, getting rid of the tip credit and paying waitstaff not sub-minimum-wage anymore, but with that comes tip sharing.
Tom Colicchio Hopes (and Fears) COVID-19 Will Change the Restaurant Industry|Pallabi Munsi|September 16, 2020|Ozy
The first company Team8 Fintech is building will provide an engine to evaluate credit risk of small- and medium-sized enterprises in e-commerce.
She was one of the world’s few female bank CEOs. Now she’s founding a fintech venture group|Claire Zillman, reporter|September 15, 2020|Fortune
Paycheck Protection Program funds are gone, and for most businesses, revenue hasn’t nearly recovered — but they have neither access to unlimited credit nor the means to pay it back.
The Big Corporate Rescue and the America That’s Too Small to Save|by Lydia DePillis, Justin Elliott and Paul Kiel|September 12, 2020|ProPublica
I started my credit card processing company, Gravity Payments, 16 years ago to support these small businesses.
How we can save small business from coronavirus-induced extinction|matthewheimer|September 10, 2020|Fortune

They often cite the trillions in fiscal spending and super-loose monetary policy that have deluged the economy with cheap credit.
Global markets dip as investors again sour on tech stocks|Bernhard Warner|September 10, 2020|Fortune
To his credit, Huckabee is conscious of the fact that he will need a cluster of deep-pocketed patrons and bundlers.
Can Huckabee Convert the GOP’s Moneymen?|Lloyd Green|January 4, 2015|DAILY BEAST
To be sure, Jefferson did share the credit, but not in the way such a resolution might be interpreted.
Forget the Resolutions; Try a Few Declarations|Kevin Bleyer|January 1, 2015|DAILY BEAST
Lawmaking by legislatures is also a one-way ratchet—Legislators get credit for passing laws, not pruning them.
Red Tape Is Strangling Good Samaritans|Philip K. Howard|December 27, 2014|DAILY BEAST
And much of the credit to her transformation is owed to a finishing school that caters to women just like her.
Inside A Finishing School for Transwomen|Sharon Adarlo|December 27, 2014|DAILY BEAST
The night before he bought a lot of crack-cocaine on credit with no way to pay, intending to kill himself after smoking.
A Million Ways to Die in Prison|Daniel Genis|December 8, 2014|DAILY BEAST
They have done better than the average archaeologist with one or another find to his credit.
Cooking and Dining in Imperial Rome|Apicius
Should redemption take place at par, and at once, the credit of the United States could not fail to be strengthened.
The New Nation|Frederic L. Paxson
Highly to her credit, Mrs. Thrale did not omit any part of her own duties to her husband because he forgot his.
Autobiography, Letters and Literary Remains of Mrs. Piozzi (Thrale) (2nd ed.) (2 vols.)|Mrs. Hester Lynch Piozzi
Halifax has also the credit of bestowing office upon Newton and patronising Congreve.
English Literature and Society in the Eighteenth Century|Leslie Stephen
These explanations rest their credit and their preference on their own merits.
Proofs of a Conspiracy against all the Religions and Governments of Europe|John Robison

British Dictionary definitions for credit

credit

/ (ˈkrɛdɪt) /

noun

commendation or approval, as for an act or qualityshe was given credit for her work

a person or thing serving as a source of good influence, repute, ability, etca credit to the team

the quality of being believable or trustworthythat statement had credit

influence or reputation coming from the approval or good opinion of othershe acquired credit within the community

belief in the truth, reliability, quality, etc, of someone or somethingI would give credit to that philosophy

a sum of money or equivalent purchasing power, as at a shop, available for a person's use

the positive balance in a person's bank account
the sum of money that a bank makes available to a client in excess of any deposit

the practice of permitting a buyer to receive goods or services before payment
the time permitted for paying for such goods or services

reputation for solvency and commercial or financial probity, inducing confidence among creditors

accounting

acknowledgment of an income, liability, or capital item by entry on the right-hand side of an account
the right-hand side of an account
an entry on this side
the total of such entries
(as modifier)credit entries Compare debit (def. 1)

short for tax credit

education

a distinction awarded to an examination candidate obtaining good marks
a section of an examination syllabus satisfactorily completed, as in higher and professional education

letter of credit an order authorizing a named person to draw money from correspondents of the issuer

on credit with payment to be made at a future date

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

(foll by with) to ascribe (to); give credit (for)they credited him with the discovery

to accept as true; believe

to do credit to

accounting

to enter (an item) as a credit in an account
to acknowledge (a payer) by making such an entryCompare debit (def. 2)

to award a credit to (a student)

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.

Idioms and Phrases with credit

credit

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

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