credit

: recognition — see also full faith and credit

a : the balance in an account which may be drawn upon and repaid later — compare loan

b : a reduction of an amount otherwise due; especially : tax credit a credit for child-care expenses — compare deduction, exclusion, exemption : tax credit a credit for child-care expenses — compare deduction, exclusion, exemption

c : financial reputation to borrow money on the credit of the United States —U.S. Constitution art. I

d : letter of credit

a : a deduction from an expense or asset account

b : a reduction of an amount otherwise due; especially : tax credit a credit for child-care expenses — compare deduction, exclusion, exemption : tax credit a credit for child-care expenses — compare deduction, exclusion, exemption

: to supply goods on credit to

: to trust in the truth of

a : to enter upon the credit side of an account

b : to place an amount to the credit of credit his account with ten dollars