Definition, Meaning & Synonyms
credit
noun
/ˈkrɛdɪt/
Definition
The ability to obtain goods or services before payment, based on the trust that payment will be made in the future.
Examples
- She has excellent credit, which allows her to get loans easily.
- The store offers credit options for customers who want to buy items now and pay later.
- Building good credit is important for purchasing a home.
Meaning
Credit refers to an agreement where a borrower receives something of value now and agrees to pay the lender at a later date.
Synonyms
- trust
- creditworthiness
- loan
