Credit is the trust which allows one party to provide resources to another party where that second party does not reimburse the first party immediately, but instead arranges either to repay or return those resources at a later date. The resources provided may be financial, or they may consist of goods or services . Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower.

The above text is a snippet from Wikipedia: Credit (finance)
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  1. Reliance on the truth of something said or done; faith; trust.
  2. Recognition and respect.
    I give you credit for owning up to your mistake.
    He arrived five minutes late, but to his credit he did work an extra ten minutes at the end of his shift.
  3. Acknowledgement of a contribution, especially in the performing arts.
    She received a singing credit in last year's operetta.
  4. A written title shown with a film or video.
    They kissed, and then the credits rolled.
  5. 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.
    In view of your payment record, we are happy to extend further credit to you.
  6. The time given for payment for something sold on trust.
    a long credit or a short credit
  7. 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?
  8. An addition to certain accounts.
  9. 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?
  10. A source of value, distinction or honour.
    That engineer is a credit to the team.
  11. 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.
  12. Recognition for having taken a course (class).
    If you do not come to class, you will not get credit for the class, regardless of how well you do on the final.
  13. A , a credit hour – used as measure if enough courses have been taken for graduation.
    Dude, I just need 3 more credits to graduate – I can take socio-linguistics of Swahili if I want.


  1. To believe.
    Someone said there had been over 100,000 people there, but I can't credit that.
  2. 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. To acknowledge a contribution.
    I credit the town council with restoring the shopping district.
    Credit the point guard with another assist.

The above text is a snippet from Wiktionary: credit
and as such is available under the Creative Commons Attribution/Share-Alike License.

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