1. Commendation or approval, as for an act or quality: she was given credit for her work. 2. A person or thing serving as a source of good influence, repute, ability, etc: a credit to the team. 3. The quality of being believable or trustworthy: that statement had credit. 4. Influence or reputation coming from the approval or good opinion of others: he acquired credit within the community. 5. Belief in the truth, reliability, quality, etc, of someone or something: I would give credit to that philosophy. 6. A sum of money or equivalent purchasing power, as at a shop, available for a person’s use. 7. The positive balance in a person’s bank account. 8. The sum of money that a bank makes available to a client in excess of any deposit. 8. The practice of permitting a buyer to receive goods or services before payment.
9. Reputation for solvency and commercial or financial probity, inducing confidence among creditors. 10. Acknowledgment of an income, liability, or capital item by entry on the right-hand side of an account. 11. A distinction awarded to an examination candidate obtaining good marks.