American English

Definition of credit noun from the Oxford Advanced American Dictionary



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    buy now–pay later
  1. 1[uncountable] an arrangement that you make, with a 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 someone to pay later, without any extra charge) a credit agreement credit terms Your credit limit is now $2,000. He's a bad credit risk (= he is unlikely to pay the money later).
  2. money borrowed
  3. 2[uncountable, countable] money that you borrow from a bank; a loan The bank refused further credit to the company. The company president applied for a $10,000 credit line/line of credit (= an amount of money that you can borrow over a period of time).
  4. 3[uncountable] the status of being trusted to pay back money to someone who lends it to you Her credit isn't good anywhere now.
  5. money in bank
  6. 4[uncountable] the amount of money you have in your bank account You have a credit balance of $250.
  7. 5[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. opposite debit
  8. money back
  9. 6[countable, uncountable] (technology) a payment that someone has a right to for a particular reason a tax credit
  10. praise
  11. 7[uncountable] credit (for something) praise or approval because you are responsible for something good that has happened He's a player who rarely seems to get the credit he deserves. I can't take all the credit for the show's success—it was a team effort. We did all the work and she gets all the credit! Credit will be given on the exam for good spelling and grammar. At least give him credit for trying (= praise him because he tried, even if he did not succeed). His courage brought great credit to his regiment. compare blame, discredit
  12. 8[singular] credit to somebody/something a person or thing whose qualities or achievements are praised and who therefore earns respect for someone or something else She is a credit to the school. Your children are a great credit to you.
  13. on movie/TV program
  14. 9[countable, usually plural] the act of mentioning someone who worked on a project such as a movie or a television program She was given a program credit for her work on the costumes for the play. The credits (= the list of all the people involved) seemed to last almost as long as the film!
  15. unit of study
  16. 10[countable] a unit of study at a college, university or school; the fact of having successfully completed a unit of study My math class is worth three credits.
  17. Idioms
    do somebody credit, do credit to somebody/something
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    if something does credit to a person or an organization, they deserve to be praised for it Your honesty does you great credit.
    have something to your credit
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    to have achieved something He's only 30, and he already has four novels to his credit.
    on the credit side
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    used to introduce the good points about someone or something, especially after the bad points have been mentioned On the credit side, she's always willing to work very late.
    to somebody's credit
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    making someone deserve praise or respect To his credit, Jack never told anyone exactly what had happened. It was to her credit that she managed to stay calm.
See the Oxford Advanced Learner's Dictionary entry: credit