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Meaning of Crdit

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  • To believe
          Someone said there had been over 100,000 people there, but I can't credit that.
  • (accounting) To add to an account (cf. debit)
          Credit accounts receivable with the amount of the invoice
          The full amount of the purchase has been credited to your account
  • To acknowledge a contribution
          I credit the town council with restoring the shopping district
          Credit the point guard with another assist.
  • Recognition and respect
          I give you credit for owning up to your mistake
  • (accounting) An amount added to an account (cf. debit)
  • A valuable member
          That point guard is a credit to the team
  • (finance) The ability to borrow funds
          In view of your paymet record, we are happy to extend further credit to you
  • One's credit rating.
          What do you mean my credit is no good?
  • A fictitious unit of currency often used in science fiction
          To repair your star cruiser will cost 100,000 credits.
  • (video gaming, pinball) A game earned or paid for but yet to be played.
          Would you like to play? I put in a dollar and I've got two credits left.
- The Nuttall Encyclopedia

Cred"it (kr&ebreve;d"&ibreve;t), 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.

When Jonathan and the people heard these words they gave no credit unto them, nor received them.
1 Macc. x. 46.

2. Reputation derived from the confidence of others; esteem; honor; good name; estimation.

John Gilpin was a citizen
Of credit and renown.

3. A ground of, or title to, belief or confidence; authority derived from character or reputation.

The things which we properly believe, be only such as are received on the credit of divine testimony.

4. That which tends to procure, or add to, reputation or esteem; an honor.

I published, because I was told I might please such as it was a credit to please.

5. Influence derived from the good opinion, confidence, or favor of others; interest.

Having credit enough with his master to provide for his own interest.

6. (Com.) Trust given or received; expectation of future playment 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.

Credit is nothing but the expectation of money, within some limited time.

7. The time given for payment for lands or goods sold on trust; as, a long credit or a short credit.

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.

Bank credit, orCash 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.

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

Cred"it (kr&ebreve;d"&ibreve;t), 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.

How shall they credit
A poor unlearned virgin?

2. To bring honor or repute upon; to do credit to; to raise the estimation of.

You credit the church as much by your government as you did the school formerly by your wit.

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.

To credit with, to give credit for; to assign as justly due to any one.

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

- Webster's Unabridged Dictionary (1913)

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The correct spelling of this word ought to be: Credit

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