credit ( credits plural & 3rd person present) ( crediting present participle) ( credited past tense & past participle )
1 n-uncount If you are allowed credit, you are allowed to pay for goods or services several weeks or months after you have received them.
oft on N
The group can't get credit to buy farming machinery..., You can ask a dealer for a discount whether you pay cash or buy on credit.
2 n-uncount If someone or their bank account is in credit, their bank account has money in it.
(mainly BRIT) in N, N n
The idea that I could be charged when I'm in credit makes me very angry..., Interest is payable on credit balances.
3 verb When a sum of money is creditedto an account, the bank adds that sum of money to the total in the account., (Antonym: debit)
She noticed that only $80,000 had been credited to her account... be V-ed to n
Midland decided to change the way it credited payments to accounts... V n to n
Interest is calculated daily and credited once a year, on 1 April. be V-ed, Also V n
4 n-count A credit is a sum of money which is added to an account., (Antonym: debit)
The statement of total debits and credits is known as a balance.
5 n-count A credit is an amount of money that is given to someone.
Senator Bill Bradley outlined his own tax cut, giving families $350 in tax credits per child...
6 n-uncount If you get thecreditfor something good, people praise you because you are responsible for it, or are thought to be responsible for it.
oft the N for n/-ing (Antonym: blame)
It would be wrong for us to take all the credit..., Some of the credit for her relaxed manner must go to Andy.
7 verb If people credit someone with an achievement or if it is credited to them, people say or believe that they were responsible for it.
The staff are crediting him with having saved Hythe's life... V n with -ing/n
The screenplay for `Gabriel Over the White House' is credited to Carey Wilson. be V-ed to n, Also V n to n
8 verb If you credit someone with a quality, you believe or say that they have it.
I wonder why you can't credit him with the same generosity of spirit... V n with n
9 n-sing If you say that someone is a credit to someone or something, you mean that their qualities or achievements will make people have a good opinion of the person or thing mentioned.
a N to n (Antonym: disgrace)
He is one of the greatest British players of recent times and is a credit to his profession.
10 n-count The list of people who helped to make a film, a CD, or a television programme is called thecredits.
11 n-count A credit is a successfully completed part of a higher education course. At some universities and colleges you need a certain number of credits to be awarded a degree.
12 If you say that something does someone credit, you mean that they should be praised or admired because of it.
to do sb credit phrase V inflects
You're a nice girl, Lettie, and your kind heart does you credit.
13 To give someone credit for a good quality means to believe that they have it.
to give someone credit for sth phrase V inflects, PHR n
Bratbakk had more ability than the media gave him credit for.
14 You say on the credit side in order to introduce one or more good things about a situation or person, usually when you have already mentioned the bad things about them.
on the credit side phrase PHR with cl
On the credit side, he's always been wonderful with his mother.
15 If something is to someone's credit, they deserve praise for it.
to sb's credit phrase PHR with cl, it v-link PHR that
She had managed to pull herself together and, to her credit, continued to look upon life as a positive experience...
16 If you already have one or more achievements to your credit, you have achieved them.
with/have sth to your credit phrase I have twenty novels and countless magazine stories to my credit.
carbon credit ( carbon credits plural ) Carbon credits are an allowance that certain companies have, permitting them to burn a certain amount of fossil fuels. n-count usu pl
By investing in efficient plant it could generate lots of valuable carbon credits to sell to wealthier, more wasteful nations.
Consumer credit is money that is lent to people by organizations such as banks, building societies, and shops so that they can buy things. n-uncount
New consumer credit fell to $3.7 billion in August.
credit card ( credit cards plural ) A credit card is a plastic card that you use to buy goods on credit. Compare charge card. n-count
credit hour ( credit hours plural ) A credit hour is a credit that a school or college awards to students who have completed a course of study.
Now he needs only two credit hours to graduate.
credit note ( credit notes plural ) A credit note is a piece of paper that a shop gives you when you return goods that you have bought from it. It states that you are entitled to take goods of the same value without paying for them.
in AM, use credit slip
Your credit rating is a judgment of how likely you are to pay money back if you borrow it or buy things on credit. n-sing
credit slip ( credit slips plural ) A credit slip is the same as a credit note.
credit transfer ( credit transfers plural )
1 n-count A credit transfer is a direct payment of money from one bank account into another.
(BRIT) also by N
in AM, use money transfer
2 n-count If a student has a credit transfer when they change from one school or college to another, their credits are transferred from their old school or college to their new one.
letter of credit ( letters of credit plural )
1 n-count A letter of credit is a letter written by a bank authorizing another bank of pay someone a sum of money. Letters of credit are often used by importers and exporters. (BUSINESS)
2 n-count A letter of credit is a written promise from a bank stating that they will repay bonds to lenders if the borrowers is unable to pay them. (BUSINESS)
The project is being backed by a letter of credit from Lasalle Bank.
tax credit ( tax credits plural ) A tax credit is an amount of money on which you do not have to pay tax. n-count