- official acceptance and recording of the work completed by a student in a particular course of study.
- a credit hour.
- 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.
verb (used with object)
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Idioms for credit
Origin of credit
synonym study for credit
OTHER WORDS FROM credit
Words nearby credit
What does credit mean in finance?
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.
To be sure, Jefferson did share the credit, but not in the way such a resolution might be interpreted.
Lawmaking by legislatures is also a one-way ratchet—Legislators get credit for passing laws, not pruning them.
And much of the credit to her transformation is owed to a finishing school that caters to women just like her.
The night before he bought a lot of crack-cocaine on credit with no way to pay, intending to kill himself after smoking.
They have done better than the average archaeologist with one or another find to his credit.
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.
British Dictionary definitions for credit
- 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
- 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)
- a distinction awarded to an examination candidate obtaining good marks
- a section of an examination syllabus satisfactorily completed, as in higher and professional education
verb -its, -iting or -ited (tr)
- to enter (an item) as a credit in an account
- to acknowledge (a payer) by making such an entryCompare debit (def. 2)
Derived forms of creditcreditless, adjective
Word Origin for credit
Cultural definitions for credit
Idioms and Phrases with credit
see do someone proud (credit to); extend credit to; get credit for; give credit where credit is due.