GNU Collaborative International Dictionary of English

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Found 2 definitions

  1.       
    
    Credit , n. [F. crédit (cf. It. credito), L. creditum loan, prop. neut. of creditus, p. p. of credere to trust, loan, believe. See Creed.]
    1. Reliance on the truth of something said or done; belief; faith; trust; confidence.
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      When Jonathan and the people heard these words they gave no credit unto them, nor received them.
      1 Macc. x. 46.

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    2. Reputation derived from the confidence of others; esteem; honor; good name; estimation.
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      John Gilpin was a citizen
      Of credit and renown.
      Cowper.

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    3. A ground of, or title to, belief or confidence; authority derived from character or reputation.
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      The things which we properly believe, be only such as are received on the credit of divine testimony.
      Hooker.

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    4. That which tends to procure, or add to, reputation or esteem; an honor.
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      I published, because I was told I might please such as it was a credit to please.
      Pope.

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    5. Influence derived from the good opinion, confidence, or favor of others; interest.
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      Having credit enough with his master to provide for his own interest.
      Clarendon.

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    6. (Com.) Trust given or received; expectation of future payment for property transferred, or of fulfillment or promises given; mercantile reputation entitling one to be trusted; -- applied to individuals, corporations, communities, or nations; as, to buy goods on credit.
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      Credit is nothing but the expectation of money, within some limited time.
      Locke.

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    7. The time given for payment for lands or goods sold on trust; as, a long credit or a short credit.
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    8. (Bookkeeping) The side of an account on which are entered all items reckoned as values received from the party or the category named at the head of the account; also, any one, or the sum, of these items; -- the opposite of debit; as, this sum is carried to one's credit, and that to his debit; A has several credits on the books of B.
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      Bank credit, or Cash credit. See under Cash. -- Bill of credit. See under Bill. -- Letter of credit, a letter or notification addressed by a banker to his correspondent, informing him that the person named therein is entitled to draw a certain sum of money; when addressed to several different correspondents, or when the money can be drawn in fractional sums in several different places, it is called a circular letter of credit. -- Public credit. (a) The reputation of, or general confidence in, the ability or readiness of a government to fulfill its pecuniary engagements. (b) The ability and fidelity of merchants or others who owe largely in a community.

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      He touched the dead corpse of Public Credit, and it sprung upon its feet.
      D. Webster.

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  2.       
    
    Credit , v. t. [imp. & p. p. Credited; p. pr. & vb. n. Crediting.]
    1. To confide in the truth of; to give credence to; to put trust in; to believe.
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      How shall they credit
      A poor unlearned virgin?
      Shak.

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    2. To bring honor or repute upon; to do credit to; to raise the estimation of.
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      You credit the church as much by your government as you did the school formerly by your wit.
      South.

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    3. (Bookkeeping) To enter upon the credit side of an account; to give credit for; as, to credit the amount paid; to set to the credit of; as, to credit a man with the interest paid on a bond.
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      To credit with, to give credit for; to assign as justly due to any one.

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      Crove, Helmholtz, and Meyer, are more than any others to be credited with the clear enunciation of this doctrine.
      Newman.

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