What does "credit" mean?
Credit: 2. Reputation derived from the confidence of others; esteem; honor; good name; estimation. John Gilpin was a citizen Of credit and renown. Cowper.
Additional senses
- 2.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. Hooker.
- 3.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. Pope.
- 4.Influence derived from the good opinion, confidence, or favor of others; interest. Having credit enough with his master to provide for his own interest. Clarendon.
- 5.(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. Locke.
- 6.The time given for payment for lands or goods sold on trust; as, a long credit or a short credit.
- 7.(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, 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 fulfull 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.
- 8.To confide in the truth of; to give credence to; to put trust in; to believe. How shall they credit A poor unlearned virgin Shak.
- 9.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. South.
- 10.(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. Newman.
Sources
- Webster's Unabridged Dictionary, 1913 edition (public domain, via GCIDE / Project Gutenberg).
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- Published: 2026-07-17T00:00:00-07:00 · Modified: 2026-07-17T00:00:00-07:00