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credit

credit

∞ 3.1
An amount of money you can borrow now and pay back later
  • noun
  • /ˈkrɛdɪt/
: crédito
  • The store offered a special promotion for new customers, allowing them to purchase items on credit.
  • credit card
  • access to credit
  • tax credit

We saw the largest private credit deal ever this year.

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Examples

  • Our bank just cut off our credit.

  • A director might then take action to secure additional credit lines to forestall a potential default.

    Academic text (2011)
  • We saw the largest private credit deal ever this year.

  • And so I think credit right now is still too tight.

  • It's just your line of credit is rather high and over its limit.

  • I have a credit card.

  • What if we had a tax credit for data donation to research?

  • They created lots of credit, cheap credit.

  • As business around the country continues to improve and the credit crisis subsides, investments and acquisitions will increase.

    Academic text (2011)
  • Respondents indicated that they held approximately two credit cards (SD = 4.94) in their own name.

    Academic text (2011)

Synonyms

line of credit
vscredit
  • Specialized
26 3.1

A plan from a bank that lets you borrow up to a set amount

is wider, including both lending lines and nonbank purchase arrangements
credit account
vscredit
14 3.2

An arrangement with a shop that lets a customer buy now and pay later

is broader, covering such purchase plans plus records and virtual money
credit line
vscredit
10 3.7

The largest amount a bank allows you to borrow when needed

is a more general term that also covers purchase plans and records
consumer credit
vscredit
9 3.3

Money people borrow to buy things for their home or family not for business

is the general term that also covers business arrangements and virtual units
charge account
vscredit
5 3.4

An account at a store that lets you buy now and pay later

is the wider money option that also includes records and app units
deferred payment
vscredit
2 4.3

An arrangement to give money for something later instead of now

is a broader financial concept that also includes accounts and records
credit order
vscredit
1 3.5

An order to get goods or services now and pay later

is one form of the general money arrangement allowing delayed payment
credit entry
vscredit
  • Specialized
1 5.4

A record that shows money added to an account

refers instead to buying now paying later arrangements or virtual money

Antonyms

∞ 2.6

An amount of money that you owe to someone

debit
  • Specialized
43 3.9

An entry on the left side of an account that shows money taken out or owed

Compounds

787 1.0

A small plastic card from a bank that lets you buy things now and pay later

tax credit
  • Specialized
128 3.2

An amount taken off the tax you owe

Money a person owes because they used a credit card to buy things

29 3.5

A number showing how likely a person, company or country will repay loans

27 3.6

A group like a bank owned by its members that offers savings accounts and low-rate loans

line of credit
  • Specialized
26 3.1

A plan from a bank that lets you borrow up to a set amount

An arrangement with a shop that lets a customer buy now and pay later

photo credit
  • Literature
12 2.8

A short note that shows who took a photo and where it came from

11 4.5

A time when banks make loans harder to get because they have little money

10 3.7

The largest amount a bank allows you to borrow when needed

Money people borrow to buy things for their home or family not for business

A private company that keeps information about people's loans and payments for banks

7 8.4

A government promise to repay money it owes, including interest

A formal request to a bank or lender to borrow money, for example to get a credit card

Money that a bank or company owes you in your account

course credit
  • Specialized
4 3.4

An official record that a college gives for a completed course toward a degree

credit hour
  • Specialized
3 3.5

One hour of class each week during a semester that counts toward a degree

home equity credit
  • Specialized
3 5.6

A loan that uses the value of your home as security for big costs

2 5.5

A bank document that promises to pay a seller if a buyer meets certain conditions

revolving credit
  • Specialized
2 5.6

A loan you can use again up to a set limit while you repay the balance

1 3.5

An order to get goods or services now and pay later

A system that lets people buy now and pay later

commercial credit
  • Specialized
1 4.1

Money that banks lend to businesses to buy goods or pay business costs

1 3.7

A unit used to count how much study a course gives toward a degree

A person who checks if people or businesses can pay back loans

export credit
  • Specialized
1 5.1

A loan from a bank in the seller's country to help a buyer pay for goods sent to another country

credit exposure
  • Specialized
1 6.4

The total amount of money a bank or lender may lose if loans are not repaid

credit line
  • Literature
1 4.4

A short line that gives the name of the photographer or writer

installment credit
  • Specialized
1 4.4

A loan you repay in equal regular payments with interest that people often use to buy a car or furniture

open-end credit
  • Specialized
1 6.2

A borrowing plan that lets you borrow up to a set limit and use it again as you repay

1 4.8

An agreement with a bank that lets a person borrow money up to a set limit when needed

equity credit line
  • Specialized
1 6.8

A loan that lets you borrow money against the value of your home

credit system
  • Literature
1 4.7

A government system that gives people a score based on their behaviour that affects their access to services

Farm Credit System
  • Specialized
1 4.2

A group of banks owned by farmers that lend money to farms

import credit
  • Specialized
1 4.7

A bank promise to pay a foreign seller for goods a company buys from another country

credit entry
  • Specialized
1 5.4

A record that shows money added to an account

overdraft credit
  • Specialized
1 4.1

A bank service that lets you withdraw money when your account does not have enough money

1 4.7

Money a bank lets you use when a check makes your account go below zero

1 5.6

A bank's written promise to pay a seller for goods when required papers arrive

An agreement with a bank that lets a person borrow money up to a set limit when needed

1 4.8

A company that lends money to businesses like manufacturers and wholesalers

A way to buy now at a shop and pay later up to a set limit you can repay anytime

credit side
  • Specialized
6.0

The side of an account that shows money received or amounts added

4.8

A point given by European universities to show how much student work a course needs

A unit showing how much study a course needs at a European university

A bank paper that lets a person get money while traveling abroad

How Much

credit
∞ 3.1

Surface Forms

credit singular
credits plural

Etymology

Credit comes from the Latin root credere, which means 'to believe' or 'trust'. Long ago a shop would let someone take goods and pay later because the seller 'trusted' them, so credit today means money you can use now and pay back later.