Credit portal




What Does Credit Mean?

what does credit means

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.

Category: Credit

Similar articles: