Definition of: credit

(kred′it) noun
1. Belief in the truth of a statement or in the sincerity of a person; trust.
2. Reputation for trustworthiness; character; repute.
3. One who or that which adds honor or reputation: a student who is a credit to his class.
4. Influence derived from the good opinion or confidence of others: He has credit at court.
5. In bookkeeping, the entry in account of any amount paid by a debtor on account of his debt; the amount so entered; also, the right–hand side of an account, upon which are recorded values received: opposed to debit.
6. Transfer of property on promise of future payment.
7. Reputation for solvency and probity.
8. The amount to which a person, corporation, or business house may be financially trusted in a given case.
9. In an account, the balance in one's favor.
10. The time extended for the payment of a liability.
11. An amount placed by a bank at a customer's disposal against which he may draw.
12. In education, official certification that a course of study has been finished; also, a recognized unit of school or college work.
13. Usually plural Acknowledgment of work done, as in the making of a motion picture. See synonyms under BELIEF, FAITH, FAME.
—v.t.
1. To give credit for; accept as true.
2. To ascribe, as intelligence or honor, to: with with.
3. Archaic To reflect credit upon; bring into good repute.
4. In bookkeeping, to give credit for or enter as credit to.
5. In education, to give educational credits to (a student). [<F crédit <L creditum a loan <credere believe, trust]
—cred′it·a·bil′i·ty, cred′it·a·ble·ness noun
—cred′it·a·ble adjective
—cred′·it·a·bly adverb