What Does Credit Mean?
The word credit can be defined by its two word classes or families; the verb and the noun. There are several definitions for each. Here are a few examples:
1. Publicly acknowledge someone as a participant in the production of something.
- The screenplay is credited to an American writer.
2. Ascribe an achievement or quality to someone.
- He is credited with painting 125 canvases.
3. Add money to an account.
- This deferred tax can be credited to the profit and loss account.
4. Believe (something surprising or unlikely).
- You would hardly credit it, but it was true.
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 with my bank.
2. The money lent or made available under such an arrangement.
- The bank refused
to extend their credit.
3. An entry recording a sum received, listed on the right-hand side or column of an account ledger.
4. A payment received.
- You need to record debits or credits made to your account.
5. Public acknowledgment or praise, typically that given or received when a person's responsibility for an action or idea becomes or is made apparent.
- The president claims credit for each accomplishment.
6. A source of pride, typically someone or something that reflects well on another person or organization.
- He's a credit to his mother.
7. An acknowledgment of a contributor's services to a movie or a television program.
- The closing credits finished rolling.
8. A unit of study counting toward a degree or diploma
- In his first semester he earned 17 credits
9. The quality of being believed or credited.
- The abstract philosophy of Cicero has lost its credit.Source: references-definitions.blurtit.com