Complete Definition of "credit"

see|crédit
English

Etymology
From L. creditum, from credere (to believe).

Pronunciation
IPA|/kɹ�dɪt/
audio|en-us-credit.ogg|Audio (US)
Rhymes: Rhymes:English:-�dɪt|-�dɪt

Transitive verb
rfc-trverb|Transitive verb
en-verb

  1. To believe.

#: Someone said there had been over 100,000 people there, but I can't credit that.

  1. accounting 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.

  1. To acknowledge a contribution.

#: I credit the town council with restoring the shopping district.
#: Credit the point guard with another assist.

Translations
trans-top|To believe
Finnish: uskoa
trans-mid
trans-bottom

trans-top|To add to an account
trans-mid
trans-bottom

trans-top|To acknowledge a contribution
Finnish: antaa kunnia
trans-mid
trans-bottom

Noun
en-noun|credits|-

  1. uncountable: Recognition and respect.

#: I give you credit for owning up to your mistake.
#uncountable|legal 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.

  1. uncountable|business 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.

  1. uncountable|US 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?

  1. accounting An addition to certain accounts.
  2. context|tax accounting 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?

  1. A valuable member.

#: That point guard is a credit to the team.

  1. 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.

Translations
trans-top|Recognition and respect
Finnish: kunnia
Italian: credito m
trans-mid
Portuguese: acreditar
Telugu: పరపతి (parapathi)
trans-bottom

trans-top|An amount added to an account
Italian: credito m
trans-mid
Portuguese: crédito
trans-bottom

trans-top|A valuable member
Portuguese: crédito
trans-mid
trans-bottom

trans-top|The ability to take and use values ahead of payment for them
German: Kredit m
Hebrew: �שר�� (ashrai) m
Italian: credito m
trans-mid
Telugu: పరపతి (parapathi)
trans-bottom

trans-top|One's credit rating
Finnish: luottotiedot
trans-mid
Telugu: పరపతి (parapathi)
trans-bottom

trans-top|A fictitious unit of currency often used in science fiction
Finnish: krediitti
trans-mid
trans-bottom

trans-top|A game earned or paid for but yet to be played
trans-mid
trans-bottom

Related terms
course credit
credible
creditable
credit card
credit hour
credit rating
credit reference
closing credits
extra credit
give credit
take credit
line of credit
opening credits
street credit
tip wage credit

Category:1000 English basic words

ar:credit
fa:credit
fr:credit
hy:credit
io:credit
it:credit
lt:credit
hu:credit
ja:credit
pt:credit
ru:credit
simple:credit
fi:credit
ta:credit
te:credit
vi:credit
tr:credit
zh:credit

Revision and Credits for"credit"
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