credit

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Credit Definition & Meaning

1. Credit refers to the ability to borrow money or receive goods or services with the promise of payment at a later time.

Example: "i used my credit card to buy a new laptop."

2. Credit can also refer to the trustworthiness or reputation of a person or organization in terms of financial or moral responsibility.

Example: "her good credit score helped her secure a low-interest loan."

3. Credit can be a verb, meaning to acknowledge or give recognition for something.

Example: "the author credited her editor for helping her improve the book."

4. In accounting, credit refers to an entry on the right side of a ledger or balance sheet, representing a decrease in assets or an increase in liabilities or equity.

Example: "the company recorded a credit in their accounts payable balance."

5. Credit can also refer to the amount of money deposited into a financial account.

Example: "my paycheck was credited to my checking account this morning."

Examples of the word credit used in sentences.

I need to use my credit card to pay for groceries.
Can I get credit for submitting my homework early?
I received a credit for returning the item to the store.
I have a good credit score because I always pay my bills on time.
The bank approved my loan application because of my good credit.
It's difficult to get a loan without a good credit history.
With good grades, you can earn college credit and save money on your tuition.
Can I get some extra credit for my research paper if I work on it over the weekend?
I need to use my credit card to purchase these groceries.
I have a credit limit of $5,000 on my new credit card.
I would like to take out a loan to pay off my credit card debt.
She earned extra credit in her class for participating in a volunteer project.
The store gave me a discount for paying with credit instead of cash.
I can't apply for a credit card without a good credit score.
My bank granted me a small credit line to help me cover my unexpected expenses.
Despite his struggles with finances, he managed to maintain a good credit score.
I would like to give credit to my teacher for inspiring me to pursue my dreams.
She deserved credit for her hard work and dedication to the project.
The bank denied his request for a loan due to his poor credit history.
The store offers a 10% discount if you pay with your credit card.
"The professor gave me credit for my innovative approach to the research project."
"I can't afford to buy a new car outright, so I'm going to apply for an auto loan to finance it on credit."
"After years of responsible financial behavior, the bank finally granted her a high credit limit."
"I had to provide my credit card information to make a reservation at the hotel."
"The politician received widespread credit for her courageous stance on climate change policy."
Despite his impressive portfolio and years of experience, the bank refused to extend him any credit for his new business venture.
The politician faced intense scrutiny from the press and public after it was revealed that he had accepted large sums of foreign credit to fund his campaign.
The company's innovative strategy and talented workforce played a crucial role in earning the firm international credit and recognition.
It took years of diligent work and saving to finally achieve excellent credit scores, allowing her to access better loan options and financial security.
The talented musician was finally able to record and distribute her debut album thanks to the support and credit given to her by her loyal fanbase.

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