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credit

Definition from Dictionary, a free dictionary
All fair in love and war.
Francis Edward Smedley
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See also crédit

English

Etymology

From [[w:Template:lang:la language|Template:lang:la]][[Category:Template:lang:la derivations]] creditum, from credere (to believe).

Pronunciation

Verb

Infinitive
to credit

Third person singular
-

Simple past
-

Past participle
-

Present participle
-

to credit (third-person singular simple present -, present participle -, simple past and past participle -)
  1. (transitive) To believe.
    Someone said there had been over 100,000 people there, but I can't credit that.
  2. (transitive, Template loop detected: Template:context 1) To add to an account (confer debit.)
    Credit accounts receivable with the amount of the invoice.
    For the payroll period credit employees' tips to their wages paid account and debit their minimum wage payable account.
    The full amount of the purchase has been credited to your account.
  3. (transitive) To acknowledge a contribution.
    I credit the town council with restoring the shopping district.
    Credit the point guard with another assist.

Translations

Noun

Singular
credit

Plural
credits

credit (credits)
  1. (uncountable): Recognition and respect.
    I give you credit for owning up to your mistake.
  2. (uncountable, Template loop detected: Template:context 1) A privilege of delayed payment extended to a buyer or borrower on the seller's or lender's belief that what is given will be repaid.
  3. (uncountable, Template loop detected: Template:context 1) The provision of resources (such as goods, services, or money) by one party (the creditor) to another party (the debtor) where that second party does not immediately pay the first party for the resources in full, and instead either arranges to pay for or to return those resources or equivalent value at a later date
    In view of your payment record, we are happy to extend further credit to you.
  4. (uncountable, Template loop detected: Template:context 1) A person's credit rating or creditworthiness, as represented by their history of borrowing and repayment (or non payment).
    What do you mean my credit is no good?
  5. (accounting) An addition to certain accounts.
  6. (Template loop detected: Template:context 1) A reduction in taxes owed, or a refund for excess taxes paid.
    Didn't you know that the IRS will refund any excess payroll taxes that you paid if you use the 45(B) general business credit?
  7. A valuable member.
    That engineer is a credit to the team.
  8. An arbitrary unit of value, used in many token economies.
    To repair your star cruiser will cost 100,000 credits.
    Would you like to play? I put in a dollar and I've got two credits left.

Derived terms

Related terms

Translations

Elsewhere on the web

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