Credit

Credit refers to the trust and confidence that allows one party to obtain goods, services, or money from another with the obligation of future payment. It encompasses different forms, including financial Credit from lending institutions, Credit in accounting systems, and social Credit that acknowledges an individual’s contributions within a community or society.

Credit meaning with examples

The bank granted him Credit because of his excellent Credit history, allowing him to purchase a new car without paying the full amount upfront. He was able to pay off the loan in manageable monthly installments, which made the purchase more feasible for him.
In an academic context, students often earn Credit for courses they complete successfully, contributing to their overall degree requirements. These credits accumulate over time and can influence their academic standing as well as their eligibility for graduation.
The company extended Credit to its suppliers, believing that it would strengthen their business relationships. By permitting them to defer payment on inventory, the company hoped to encourage larger orders and improve the profitability of both parties.
Many people use Credit cards to manage their expenses and build their financial reputation. Responsible use of Credit cards involves paying off balances on time to avoid high interest rates and maintain a good Credit score.
Social Credit systems have emerged in some countries, where individuals receive scores based on their behavior and dealings. This Credit impacts their ability to access services, loans, and job opportunities, establishing a controversial new paradigm for social interaction.

Credit Synonyms

account assurance belief commendation confidence credibility creditworthiness debt esteem faith financing lend loan patronage recognition reliance reputation standing support trust

Credit Antonyms

abandonment bankruptcy debt deficiency derision discredit disesteem disfavor disparagement disregard distrust doubt failure insolvency mistrust neglect rejection scorn scrutiny suspicion

Credit Crossword Answers

3 Letters

TSL

4 Letters

TICK CITE LOAN CARD

5 Letters

KUDOS THANK TRUST

6 Letters

BELIEF SUISSE DIRECT CROSBY

7 Letters

ASCRIBE BELIEVE MENTION PLASTIC

8 Letters

APPROVAL CITATION ACCREDIT RELIANCE

9 Letters

QUOTATION REFERENCE

10 Letters

REPUTATION

11 Letters

RECOGNITION CREDITENTRY ATTRIBUTION DISTINCTION

12 Letters

COMMENDATION COURSECREDIT CREDITRATING

14 Letters

ACKNOWLEDGMENT

15 Letters

DEFERREDPAYMENT