English definition of Credit

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Definition of credit

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Credit (n.) 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..

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Debtor :: Debtor (n.) One who owes a debt; one who is indebted; -- correlative to creditor.

Reckon :: Reckon (v. i.) To come to an accounting; to make up accounts; to settle; to examine and strike the balance of debt and credit; to adjust relations of desert or penalty.

Daybook :: Daybook (n.) A journal of accounts; a primary record book in which are recorded the debts and credits, or accounts of the day, in their order, and from which they are transferred to the journal..

Authoritative :: Authoritative (a.) Having, or proceeding from, due authority; entitled to obedience, credit, or acceptance; determinate; commanding..

Humane :: Humane (a.) Having the feelings and inclinations creditable to man; having a disposition to treat other human beings or animals with kindness; kind; benevolent.

Credit :: Credit (n.) The time given for payment for lands or goods sold on trust; as, a long credit or a short credit..

Discredit :: Discredit (v. t.) To refuse credence to; not to accept as true; to disbelieve; as, the report is discredited..

Delegation :: Delegation (n.) A kind of novation by which a debtor, to be liberated from his creditor, gives him a third person, who becomes obliged in his stead to the creditor, or to the person appointed by him..

Exequatur :: Exequatur (n.) A written official recognition of a consul or commercial agent, issued by the government to which he is accredited, and authorizing him to exercise his powers in the place to which he is assigned..

Creance :: Creance (v. i. & t.) To get on credit; to borrow.

Assets :: Assets (n. pl.) Property of a deceased person, subject by law to the payment of his debts and legacies; -- called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend..

Creditress :: Creditress (n.) Alt. of Creditri.

Believer :: Believer (n.) One who gives credit to the truth of the Scriptures, as a revelation from God; a Christian; -- in a more restricted sense, one who receives Christ as his Savior, and accepts the way of salvation unfolded in the gospel..

Believe :: Believe (n.) To exercise belief in; to credit upon the authority or testimony of another; to be persuaded of the truth of, upon evidence furnished by reasons, arguments, and deductions of the mind, or by circumstances other than personal knowledge; to regard or accept as true; to place confidence in; to think; to consider; as, to believe a person, a statement, or a doctrine..

Discrediting :: Discrediting (p. pr. & vb. n.) of Discredi.

Assign :: Assign (v. t.) To transfer, or make over to another, esp. to transfer to, and vest in, certain persons, called assignees, for the benefit of creditors..

Bankrupt :: Bankrupt (n.) A trader who secretes himself, or does certain other acts tending to defraud his creditors..

Creditable :: Creditable (a.) Bringing credit, reputation, or honor; honorable; as, such conduct is highly creditable to him..

Trust :: Trust (n.) To give credit to; to sell to upon credit, or in confidence of future payment; as, merchants and manufacturers trust their customers annually with goods..

Circulate :: Circulate (v. t.) To cause to pass from place to place, or from person to person; to spread; as, to circulate a report; to circulate bills of credit..