credit noun definition in Banking topic from the Oxford Advanced Learner's Dictionary


 noun: Banking topic
1 [uncountable, countable] money that you borrow from a bank; a loan The bank refused further credit to the company. 2 [uncountable] the status of being trusted to pay back money to somebody who lends it to you Her credit isn't good anywhere now. 3 [uncountable] if you or your bank account are in credit, there is money in the account You have a credit balance of £250. 4 [countable, uncountable] a sum of money paid into a bank account; a record of the payment a credit of £50 You'll be paid by direct credit into your bank account.

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