credit Definition
- 1the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
- 2public acknowledgment or praise, given or received when a person's responsibility for an action or idea becomes apparent
- 3a unit of study at a school or college that counts towards a degree or diploma
Using credit: Examples
Take a moment to familiarize yourself with how "credit" can be used in various situations through the following examples!
Example
I don't have enough credit to buy this car.
Example
The store offers credit to its customers.
Example
She deserves the credit for finding the solution.
Example
He took credit for her idea.
Example
I received extra credit for my research paper.
Example
He completed his degree with 120 credits.
credit Synonyms and Antonyms
Synonyms for credit
- acknowledgment
- faith
- recognition
- praise
- trust
Idioms Using credit
on credit
with the understanding that payment will be made at a later time
Example
I bought the furniture on credit and will pay for it next month.
take credit for
claim responsibility for something that one did not do
Example
He took credit for her idea and didn't acknowledge her contribution.
bad credit
a financial history that shows a high risk of defaulting on loans or payments
Example
He was denied a loan due to his bad credit.
Phrases with credit
give credit where credit is due
acknowledge someone's efforts or achievements
Example
I have to give credit where credit is due; she did a great job on this project.
credit card
a plastic card issued by a bank or business that allows the holder to purchase goods or services on credit
Example
I always use my credit card for online purchases.
extra credit
additional points or marks given for work beyond what is required
Example
I got an A on the test and extra credit for my presentation.
Origins of credit
from Latin 'credere', meaning 'to believe'
Summary: credit in Brief
The term 'credit' [ˈkrɛdɪt] refers to the ability to obtain goods or services before payment, recognition or acknowledgment for an action or idea, and a unit of study at a school or college. It can be used in phrases like 'give credit where credit is due,' and idioms like 'on credit,' which means with the understanding that payment will be made at a later time. 'Credit' also extends into 'credit card,' a plastic card issued by a bank or business that allows the holder to purchase goods or services on credit.
