I. noun Etymology: Middle French, from Old Italian credito, from Latin creditum something entrusted to another, loan, from neuter of creditus, past participle of credere to believe, entrust — more at creed Date: 1537 1. reliance on the truth or reality of something <
gave credit to everything he said
2. a. the balance in a person's favor in an account b. an amount or sum placed at a person's disposal by a bank c. the provision of money, goods, or services with the expectation of future payment <
long-term credit
; also money, goods, or services so provided <
exhausted their credit
d. (1) an entry on the right-hand side of an account constituting an addition to a revenue, net worth, or liability account (2) a deduction from an expense or asset account e. any one of or the sum of the items entered on the right-hand side of an account f. a deduction from an amount otherwise due 3. a. influence or power derived from enjoying the confidence of another or others b. good name ; esteem; also financial or commercial trustworthiness 4. archaic credibility 5. a source of honor <
a credit to the school
6. a. something that gains or adds to reputation or esteem ; honor <
took no credit for his kindly act
b. recognition, acknowledgment <
quite willing to accept undeserved credit
7. recognition by name of a person contributing to a performance (as a film or telecast) <
the opening credits
8. a. recognition by a school or college that a student has fulfilled a requirement leading to a degree b. credit hour Synonyms: see belief, influence II. transitive verb Etymology: partly from 1credit; partly from Latin creditus, past participle Date: circa 1530 1. to trust in the truth of ; believe <
find his story hard to credit
2. to supply goods on credit to 3. archaic to bring credit or honor upon 4. a. to enter upon the credit side of an account b. to place an amount to the credit of <
credit his account with ten dollars
5. a. to consider usually favorably as the source, agent, or performer of an action or the possessor of a trait <
credits him with an excellent sense of humor
b. to attribute to some person <
they credit the invention to him
Synonyms: see ascribe

New Collegiate Dictionary. 2001.

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