Definition and meaning of English word "credit"
credit
/ˈkrɛdɪt/
Meaning
NounThe ability to obtain goods or money in advance, based on trust that payment will be made in the future; a sum of money made available by a bank or other lender for a person or business to borrow.
How to use
In English, 'credit' is often used in banking and finance to refer to money that a bank or lender allows a person or business to borrow and repay later, often with interest. For example, 'She used her credit card to make the purchase.' It's essential not to confuse 'credit' with 'debit,' which refers to money taken out of an account.
🇬🇧 English
credit
Example
The bank granted him a revolving line of credit to finance inventory purchases.
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Common phrases
- give credit to— give credit to
- credit goes to— credit goes to
- credit is due— credit is due
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This concept in other languages
Frequency rank: #1106 in English
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Frequently Asked Questions
What does the English word "credit" mean?▼
The English word "credit" means "credit" in English.
How do you pronounce the English word "credit"?▼
You can hear the correct audio pronunciation of the word "credit" by clicking the play button next to the word at the top of this page.
Can I see an example sentence with "credit"?▼
Yes, here is a practical example: "The bank granted him a revolving line of credit to finance inventory purchases." (which translates as "credit").
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