Verb

Infinitive to credit

Third person singular credits

Simple past credited

Past participle credited

Present participle crediting

to credit (third-person singular simple present credits, present participle crediting, simple past and past participle credited)

1. (transitive) To believe.

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

2. (transitive, 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.

3. (transitive) To acknowledge a contribution.

   I credit the town council with restoring the shopping district.

   Credit the point guard with another assist.

Related terms

• credible
• credibility
• creditable
• creditor
• credence
• credential
• credo
• creed

Credit may refer to:

• Debits and credits, a type of book keeping entry
• Credit (creative arts), acknowledging the ideas or other work of writers and contributors
• Course credit, a system of measuring academic coursework
• Credit (finance), the granting of a loan and the creation of debt. It is any form of deferred payment.
  • Credit rating, assessment of credit worthiness
  • Credit score, a representation of credit worthiness
  • Zombie credit is a credit given to a (later) highly leveraged company left to operate in default by lenders

Credit is the provision of resources (such as granting a loan) by one party to another party where that second party does not reimburse the first party immediately, thereby generating a debt, and instead arranges either to repay or return those resources (or material(s) of equal value) at a later date. It is any form of deferred payment.

Sourced

• Blest paper-credit! last and best supply! That lends corruption lighter wings to fly.
  • Alexander Pope, Moral Essays. Epistle iii. Line 39. (1731-1735)

• The maxim of buying nothing without the money in our pocket to pay for it, would make of our country one of the happiest upon earth. Experience during the war proved this; as I think every man will remember that under all the privations it obliged him to submit to during that period he slept sounder, and awaked happier than he can do now. Desperate of finding relief from a free course of justice, I look forward to the abolition of all credit as the only other remedy which can take place.
  • Thomas Jefferson, letter to Alexander Donald, July 28, 1787. — The Papers of Thomas Jefferson, ed. Julian P. Boyd, vol. 11, p. 633 (1955).

• All the perplexities, confusions, and distresses in America arise, not from defects in their constitution or confederation, not from a want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation.
  • John Adams, letter to Thomas Jefferson, August 25, 1787. — The Works of John Adams, ed. Charles Francis Adams, vol. 8, p. 447 (1853).

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Wed Feb 24 16:00:38 2010