Crediting
/ˈkrɛdɪtɪŋ/
Definitions
- (v.) The act of officially acknowledging or attributing a right, payment, or value to a person or entity.
The bank is crediting the deposit to your account today.
Related terms
See also
Commentary
Often used in financial and contractual contexts to indicate attribution of value or rights; precise recording in documents is recommended.
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.