Defn: 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.

7. The time given for payment for lands or goods sold on trust; as, a long credit or a short credit.

8. (Bookkeeping)

Defn: 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. (a) The reputation of, or general confidence in, the ability or readiness of a government to fulfull its pecuniary engagements. (b) 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.

CREDIT
Cred"it (krd"t), v. t. [imp. & p. p. Credited; p. pr. & vb. n.
Crediting.]

1. To confide in the truth of; to give credence to; to put trust in; to believe. How shall they credit A poor unlearned virgin Shak.

2. To bring honor or repute upon; to do credit to; to raise the estimation of. You credit the church as much by your government as you did the school formerly by your wit. South.

3. (Bookkeeping)

Defn: To enter upon the credit side of an account; to give credit for; as, to credit the amount paid; to set to the credit of; as, to credit a man with the interest paid on a bond. To credit with, to give credit for; to assign as justly due to any one. Crove, Helmholtz, and Meyer, are more than any others to be credited with the clear enunciation of this doctrine. Newman.

CREDITABLE
Cred"it*a*ble (—b'l), a.