rhizoverbBeta
DictionarycreditBorrowing and deferred payment
noun

credit

An arrangement allowing payment to be made later.

The store lets customers buy appliances on credit.

Etymology
creditLatinbelieve or trust

Latin credere means to believe or trust. Credit rests on trusting people to pay later, allowing them to receive money, goods, or services before completing payment.

More examples

  • She used credit to cover the unexpected repair.
  • The lender refused to extend further credit.
  • We paid cash instead of buying on credit.

Forms

credit

creditor noun — Someone to whom money is owed.

Similar words

loan
A specific borrowed sum rather than an arrangement for later payment.