8. (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. (a) The reputation of, or general confidence in, the ability or readiness
of a government to fulfill 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) 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) 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) a.
1. Worthy of belief. [Obs.]
Divers creditable witnesses deposed. Ludlow. 2. Deserving or possessing reputation or esteem; reputable; estimable.
This gentleman was born of creditable parents. Goldsmith. 3. Bringing credit, reputation, or honor; honorable; as, such conduct is highly creditable to him. Macaulay.
He settled him in a good creditable way of living. Arbuthnot. Creditableness (Cred"it*a*ble*ness), n. The quality of being creditable.
Creditably (Cred"it*a*bly) adv. In a creditable manner; reputably; with credit.
Crédit foncier (||Cré`dit" fon`cier") [F. crédit credit & foncier relating to land, landed.] A company licensed
for the purpose of carrying out improvements, by means of loans and advances upon real securities.
Crédit mobilier (||Cré`dit" mo`bi`lier") [F. crédit credit & mobilier personal, pertaining to personal property.]
A joint stock company, formed for general banking business, or for the construction of public works,
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