The Collaborative International Dictionary
Credit \Cred"it\ (kr[e^]d"[i^]t), n. [F. cr['e]dit (cf. It. credito), L. creditum loan, prop. neut. of creditus, p. p. of credere to trust, loan, believe. See Creed.]
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Reliance on the truth of something said or done; belief; faith; trust; confidence.
When Jonathan and the people heard these words they gave no credit unto them, nor received them.
--1 Macc. x. 46. -
Reputation derived from the confidence of others; esteem; honor; good name; estimation.
John Gilpin was a citizen Of credit and renown.
--Cowper. -
A ground of, or title to, belief or confidence; authority derived from character or reputation.
The things which we properly believe, be only such as are received on the credit of divine testimony.
--Hooker. -
That which tends to procure, or add to, reputation or esteem; an honor.
I published, because I was told I might please such as it was a credit to please.
--Pope. -
Influence derived from the good opinion, confidence, or favor of others; interest.
Having credit enough with his master to provide for his own interest.
--Clarendon. -
(Com.) Trust given or received; expectation of future playment for property transferred, or of fulfillment or promises given; mercantile reputation entitling one to be trusted; -- applied to individuals, corporations, communities, or nations; as, to buy goods on credit.
Credit is nothing but the expectation of money, within some limited time.
--Locke. The time given for payment for lands or goods sold on trust; as, a long credit or a short credit.
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(Bookkeeping) The side of an account on which are entered all items reckoned as values received from the party or the category named at the head of the account; also, any one, or the sum, of these items; -- the opposite of debit; as, this sum is carried to one's credit, and that to his debit; A has several credits on the books of B. Bank credit, or Cash credit. See under Cash. Bill of credit. See under Bill. Letter of credit, a letter or notification addressed by a banker to his correspondent, informing him that the person named therein is entitled to draw a certain sum of money; when addressed to several different correspondents, or when the money can be drawn in fractional sums in several different places, it is called a circular letter of credit. Public credit.
The reputation of, or general confidence in, the ability or readiness of a government to fulfill its pecuniary engagements.
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The ability and fidelity of merchants or others who owe largely in a community.
He touched the dead corpse of Public Credit, and it sprung upon its feet.
--D. Webster.
Cash \Cash\ (k[a^]sh), n. [F. caisse case, box, cash box, cash. See Case a box.] A place where money is kept, or where it is deposited and paid out; a money box. [Obs.] This bank is properly a general cash, where every man lodges his money. --Sir W. Temple. [pounds]20,000 are known to be in her cash. --Sir R. Winwood. 2. (Com.)
Ready money; especially, coin or specie; but also applied to bank notes, drafts, bonds, or any paper easily convertible into money.
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Immediate or prompt payment in current funds; as, to sell goods for cash; to make a reduction in price for cash.
Cash account (Bookkeeping), an account of money received, disbursed, and on hand.
Cash boy, in large retail stores, a messenger who carries the money received by the salesman from customers to a cashier, and returns the proper change. [Colloq.]
Cash credit, an account with a bank by which a person or house, having given security for repayment, draws at pleasure upon the bank to the extent of an amount agreed upon; -- called also bank credit and cash account.
Cash sales, sales made for ready, money, in distinction from those on which credit is given; stocks sold, to be delivered on the day of transaction.
Syn: Money; coin; specie; currency; capital.