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  2. Dictionary

    cred·it
    [ˈkredət]
    noun
    credit (noun) · credits (plural noun) · credit title (noun) · credit titles (plural noun)
    1. the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future:
      "I've got unlimited credit"
      Similar:
      financial standing
      financial status
    2. an entry recording a sum received, listed on the right-hand side or column of an account. The opposite of debit.
      "the columns should be added across and down and the total debits should equal the total credits"
      • a payment received:
        "you need to record debits or credits made to your account"
      • entitlement to a set amount of a particular company's goods or services, typically paid for in advance of use:
        "in the middle of our conversation his phone ran out of credit" · "she had $15 credit on her account"
    3. public acknowledgment or praise, typically that given or received when a person's responsibility for an action or idea becomes or is made apparent:
      "he was quick to claim credit for the accomplishments of others"
      • a source of pride, typically someone or something that reflects well on another person or organization:
        "he's a credit to his mother"
        Similar:
        source of honor
        source of pride
        feather in the cap
        proud boast
      • (credits)
        an acknowledgment of a contributor's services to a movie or a television program, typically one of a list that is scrolled down the screen at the beginning or end of a movie or program:
        "the closing credits finished rolling"
    4. NORTH AMERICAN ENGLISH
      the acknowledgment of a student's completion of a course or activity that counts toward a degree or diploma as maintained in a school's records:
      "a student can earn one unit of academic credit"
      • a unit of study counting toward a degree or diploma:
        "in his first semester he earned 17 credits"
      • acknowledgment of merit in an examination which is reflected in the grades awarded:
        "students will receive credit for accuracy and style"
    5. archaic
      the quality of being believed or credited:
      "the abstract philosophy of Cicero has lost its credit"
    verb
    credit (verb) · credits (third person present) · credited (past tense) · credited (past participle) · crediting (present participle)
    1. publicly acknowledge someone as a participant in the production of (something published or broadcast):
      "the screenplay is credited to one American and two Japanese writers"
    2. add (an amount of money) to an account:
      "this deferred tax can be credited to the profit and loss account"
    3. BRITISH ENGLISH
      believe (something surprising or unlikely):
      "you would hardly credit it—but it was true"
      Opposite:
    Origin
    mid 16th century (originally in the senses ‘belief’, ‘credibility’): from French crédit, probably via Italian credito from Latin creditum, neuter past participle of credere ‘believe, trust’.
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  3. People also ask
    What is a credit in accounting?Lots of entry-level accounting students make this mistake. A credit actually means an entry on the right side of an account. Depending on the account, a credit could be an increase or decrease for the account. For example, a credit always increases accounts with a credit balance like liabilities, revenue, and equity accounts.
    What does 'credit' mean?The term 'credit' implies ascribing something, especially an action, to a person or thing as its source or explanation*. Banks extend credit to the public. You need a strong credit history and a good job to get a mortgage. A credit of $50 was added to your account.
    What is credit and how does it work?Credit refers to the extension of short-term borrowing for consumers and businesses, allowing them to purchase goods or services before payment is due. When the bank or other financial institution makes a loan, it "credits" money to the borrower. This means the borrower has the use of the loaned amount, which must be paid back at a future date. Credit cards are a common example of credit, enabling consumers to make purchases before payment is due.
    What does credit mean in a sentence?1. commendation or approval, as for an act or quality: she was given credit for her work. 2. a person or thing serving as a source of good influence, repute, ability, etc: a credit to the team. 3. the quality of being believable or trustworthy: that statement had credit.
     
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