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credit(noun)/ˈkredɪt/ /ˈkredɪt/- an arrangement that you make, with a shop for example, to pay later for something you buy
COMPARE hire purchase
https://www.oxfordlearnersdictionaries.com/definition/english/hire-purchase - to get credit
- We bought the dishwasher on credit.
- to offer interest-free credit (= allow somebody to pay later, without any extra charge)
- Someone with a bad credit history is less likely to be lent money.
- a credit agreement
- a credit facility
- Your credit limit is now £2 000.
- He's a bad credit risk (= he is unlikely to pay the money later).
- The credit crisis is far from over.
Extra Examples- I bought it on credit.
- If you don't have a regular income you may be unable to get credit.
- Most shops selling furniture or electrical goods will offer credit.
- The credit report will show all the consumer debt a person has.
- When poorer people use credit, mail order is the key source.
- people with poor credit histories
- We offer two months' interest-free credit.
- money that you borrow from a bank; a loan
SEE ALSO consumer credit
https://www.oxfordlearnersdictionaries.com/definition/english/consumer-credit - The bank refused further credit to the company.
- Local lenders are more likely to extend credit (= lend money) to smaller, more marginal borrowers.
Extra Examples- We propose to expand credit in order to create demand.
- increases in debt created by credit expansion
- the status of being trusted to pay back money to somebody who lends it to you
- Her credit isn't good anywhere now.
- money that you have in your bank account; if you or your bank account are in credit, there is money in the account
- You have a credit balance of £250.
- My account is in credit.
- a sum of money paid into a bank account; a record of the payment
OPPOSITE debit
https://www.oxfordlearnersdictionaries.com/definition/english/debit_2 - a credit of £50
- You'll be paid by direct credit into your bank account.
- I have three credits on my bank statement.
- the right to use a service up to a certain limit, paid for in advance
- My phone's run out of credit.
- to add credit to your phone
- a payment that somebody has a right to for a particular reason
SEE ALSO tax credit
https://www.oxfordlearnersdictionaries.com/definition/english/tax-credit - The child tax credit is subject to strict income limitations.
- Export credits are granted to firms in developing countries to give them a breathing space to pay for goods exported to them.
- praise or approval because you are responsible for something good that has happened
- to get/deserve/receive/take/claim the credit
- He's a player who rarely seems to get the credit he deserves.
- We did all the work and she gets all the credit!
- I can't take all the credit for the show's success—it was a team effort.
- At least give him credit for trying (= praise him because he tried, even if he did not succeed)
- Credit will be given in the exam for good spelling and grammar.
- His courage brought great credit to his regiment.
Extra Examples- We should give due credit to all who helped make the event a success.
- We should give due credit to the organizers of this event.
- Why should she get all the credit?
- The success of the venture reflects great credit on the organizers.
- a person or thing whose qualities or achievements are praised and who therefore earns respect for somebody/something else
- She is a credit to the school.
- Your children are a great credit to you.
- He's a great credit to the school.
- the act of mentioning somebody who worked on a project such as a film or a television programme
- She was given a programme credit for her work on the costumes for the play.
- The credits (= the list of all the people involved) seemed to last almost as long as the film!
- From the opening credits, the movie is non-stop action.
- The end credits came as a welcome relief.
- We left before the final credits began to roll.
- a film, play, television programme, etc. that somebody has worked on
- His film credits included ‘The Witches’ and ‘Halloween III’.
- a unit of study at a college or university (in the US, also at a school); the fact of having successfully completed a unit of study
SEE ALSO carbon credit
https://www.oxfordlearnersdictionaries.com/definition/english/carbon-credit - My math class is worth three credits.
Extra Examples- Participants were given course credit for their participation in the study.
- Students may have difficulty transferring credits to other institutions.
- Tuition costs are based on the number of credit hours enrolled.
- modules offering continuing education credits
- He took some advanced courses to earn college credits.
- if something does credit to a person or an organization, they deserve to be praised for it
- Your honesty does you great credit.
- Your concern does you credit.
- to give somebody the praise they deserve, even if you do not really want to
- Give credit where credit is due—what the man does, he does well.
- to have achieved something
- He's only 30, and he already has four novels to his credit.
- used to introduce the good points about somebody/something, especially after the bad points have been mentioned
- On the credit side, she’s always willing to work very late.
- making somebody deserve praise or respect
- To his credit, Jack never told anyone exactly what had happened.
- It was to her credit that she managed to stay calm.
Extra Examples- To her credit, she gave them lunch.
- To her eternal credit, she gave them a home.
- To her great credit, she does not try to avoid the truth.
Word Origin- mid 16th cent. (originally in the senses ‘belief’, ‘credibility’): from French crédit, probably via Italian credito from Latin creditum, neuter past participle of credere ‘believe, trust’.
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