• Frequency of Use
    85 %
  • Retention Rate
    60 %
  • Complexity
    40 %
  • Credit Meanings

    noun An entry recording a sum received, listed on the right-hand side or column of an account.

    verb Publicly acknowledge someone as a participant in the production of (something published or broadcast).

    Fields related to credit

    Finance

    In finance, credit refers to the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.

    Economics

    In economics, credit is a form of financial capital that is loaned to individuals or businesses, typically with the expectation of repayment with interest.

    Accounting

    In accounting, credit is an entry that decreases assets or increases liabilities and equity on the balance sheet.

    Banking

    In banking, credit is the granting of a loan and the creation of debt. It is a way for banks to make money by charging interest on the loans they give out.

    Credit Score

    A numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual.

    Occupation Usage of credit

    Writer

    Credit is given to writers for their work in the form of bylines, acknowledgements, and royalties.

    Psychologist

    Psychologists may receive credit for their research findings, publications, and contributions to the field.

    Architect

    Architects receive credit for designing buildings, structures, and spaces that are recognized for their creativity and functionality.

    Accountant

    Accountants may receive credit for their work in preparing financial statements, audits, and tax returns for clients or organizations.

    Film Director

    Film directors are credited for their role in directing movies, TV shows, and other visual media productions.

    Consolidated Statistics about credit

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