what is the meaning of credit
Answers
Answer:
When we buy goods and pay for it later then it means that we get these things on credit.
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noun
1.
the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
"I've got unlimited credit"
synonyms:financial standing, financial status, solvency
"the shop would be paid whether her credit was good or bad"
2.
an entry recording a sum received, listed on the right-hand side or column of an account.
"the columns should be added across and down and the total debits should equal the total credits"
verb
1.
publicly acknowledge a contributor's role in the production of (something published or broadcast).
"the screenplay is credited to one American and two Japanese writers"
synonyms:ascribe, attribute, assign, accredit, chalk up, put down, set down, impute; More
2.
add (an amount of money) to an account.
"this deferred tax can be credited to the profit and loss account"