Credit
/ˈkrɛdɪt/
Definitions
- (n.) An agreement to receive goods, services, or money now and pay for them later.
She bought the laptop on credit.
- (n.) An entry recording a sum received, typically on the right side of an account.
The accountant posted a credit for the payment.
- (v.) To record an amount on the credit side of an account.
The bank credited his account with the deposit.
- (v.) To acknowledge someone’s contribution or responsibility.
The report credited the success to the team leader.
Forms
- credits
- credited
- crediting
Related terms
See also
Commentary
In legal and financial contexts, distinguish between 'credit' as a transaction entry and as an acknowledgment of liability or contribution.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.