credit
Idioms about credit
Origin of credit
synonym study for credit
OTHER WORDS FROM credit
Words nearby credit
MORE ABOUT CREDIT
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
What are some terms connected to the topic of credit?
How to use credit in a sentence
British Dictionary definitions for credit
Derived forms of credit
creditless, adjectiveWord Origin for credit
Cultural definitions for credit
The ability to obtain goods, money, or services in return for a promise to pay at some later date.
Other Idioms and Phrases with credit
see do someone proud (credit to); extend credit to; get credit for; give credit where credit is due.