credit noun definition in Cost and payment topic from the Oxford Advanced Learner's Dictionary

credit

 noun: Cost and payment topic
[uncountable] an arrangement that you make, with a shop/store for example, to pay later for something you buy to get/refuse credit We bought the dishwasher on credit. to offer interest-free credit (= allow somebody to pay later, without any extra charge) a credit agreement credit facilities/terms Your credit limit is now £2 000. He's a bad credit risk (= he is unlikely to pay the money later).

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