- 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)
- credibility gap,
- credit account,
- credit bureau,
- credit card,
- credit crunch,
- credit default swap
Origin of 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)
Word Origin for credit
1520s, from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," from past participle of credere "to trust, entrust, believe" (see credo). The commercial sense was the original one in English (creditor is mid-15c.). Meaning "honor, acknowledgment of merit," is from c.1600. Academic sense of "point for completing a course of study" is 1904. Movie/broadcasting sense is 1914. Credit rating is from 1958; credit union is 1881, American English.
1540s, from credit (n.). Related: Credited; crediting.
see do someone proud (credit to); extend credit to; get credit for; give credit where credit is due.