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Credit Definition Meaning | Britannica Dictionary CREDIT meaning: 1 : money that a bank or business will allow a person to use and then pay back in the future; 2 : a record of how well you have paid your bills in the past
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Credit | Debt, Loans Interest | Britannica Money credit, transaction between two parties in which one (the creditor or lender) supplies money, goods, services, or securities in return for a promised future payment by the other (the debtor or borrower) Such transactions normally include the payment of interest to the lender Credit may be extended by public or private institutions to finance business activities, agricultural operations
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