Meaning of credit In English

• 0 praise, approval, or honour:

  • She got no credit for solving the problem.

  • Her boss took credit for it/took (all) the credit instead.

  • To her (great) credit, she admitted she was wrong.

  • I gave him credit for (= thought that he would have) better judgment than he showed.

  • She is a credit to her family.

  • She does her teachers credit.

  • All credit to her, she did it all herself.

• 1 a method of paying for goods or services at a later time, usually paying interest as well as the original money:

  • They decided to buy the car on credit.

  • The shop was offering six months' (interest-free) credit on electronic goods.

  • I was relieved to see from my statement that my account was in credit.

• 2 a unit that represents a successfully finished part of an educational course:

  • Each of these classes is worth three credits.

• 3 a list of people who helped to make a film or a television or radio programme, that is shown or announced at the beginning or the end of it

• 4 to pay money into a bank account:

  • They credited my account with $20 after I pointed out the mistake.

• 5 to believe something that seems unlikely to be true:

  • He even tried to pretend he was my son - can you credit it?

  • It was hard to credit some of the stories we heard about her.

• 6 a method of buying goods or services that allows you to pay for them in the future:

  • We bought our sofa on credit.

  • The bank offers small businesses credit.

• 7 praise or approval, esp. to recognize achievement:

  • [ U ] You have to give him credit for being so honest.

  • [ U ] How can he take credit for work he didn’t do?

• 8 an amount of money available to you because you paid for something earlier, or a record of this money:

  • [ C ] We returned the clothes and got a store credit.

  • [ C ] a tax credit

• 9 a unit of measurement of the value contributed by an educational course to a college degree:

  • Comparative religion is a three-credit course.

• 10 to believe or trust something that may not be true:

  • If you can credit what the doctor says, the illness isn’t serious.

• 11 a method of paying for goods or services at a later time, usually paying interest as well as the original amount:

  • give/extend/offer credit to sb U.S. banks are reluctant to extend credit to the troubled nation.

  • deny/refuse sb credit Have you ever been refused credit?

  • on credit They've purchased all sorts of leisure equipment on credit.

  • The card has no annual fee and users get up to eight weeks' interest-free credit.

• 12 the money lent by financial organizations to companies, governments, people, etc.:

  • domestic/foreign/international credit The central bank attributed the rise in domestic credit during the period to a rise in private sector credit.

  • cheap/affordable/easy credit Rising house prices were fueled by easy credit.

  • Agricultural borrowers are concerned about credit availability as the farm economy weakens.

• 13 the amount of risk when lending money to a particular person or organization, based on how likely they are to pay it back:

  • weak/poor/bad credit Too many mortgages had been granted to home buyers with weak credit.

  • good credit They will let you take the goods and pay later if your credit is good.

• 14 a payment of money into a bank account:

  • His bank statement shows two credits of $5000 each.

• 15 if a person or their bank account is in credit, there is money in the account:

  • As long as you stay in credit, there will be no charges for normal transactions on your account.

• 16 an amount recorded on the right side of a company's financial accounts, which shows a decrease in assets or an increase in debt:

  • The accounting system automatically generates a credit to the account that was debited.

• 17 an amount by which someone is allowed to reduce the amount of tax they pay, because they have spent money on a particular thing:

  • He introduced a new tax break in the form of a child-care credit.

• 18 an amount of money that you have available to spend with a store or business, for example, because you returned a product or paid too much for it:

  • If you are dissatisfied with any item, it may be returned within 14 days for credit, refund, or exchange.

• 19 praise for doing something good:

  • credit for sth The whole team deserves credit for bringing the project in on time.

  • take (the) credit She felt he had taken the credit for her idea.

• 20 to show that money has been added to something such as an account:

  • When dividends are received the shareholder's account will be credited.

  • credit sth with €10/€1000, etc. Within a week my card was credited with the $219 difference.

  • credit €10/€1000, etc. to sth The bank mistakenly credited almost $1 million to his account.

• 21 to record an amount on the right side of a company's financial accounts to show a decrease in assets or an increase in debt:

  • credit sth to sth A fair amount should be periodically credited to 'reserve' for depreciation.