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Credit \Cred"it\ (kr[e^]d"[i^]t), n. [F. cr['e]dit (cf. It.
credito), L. creditum loan, prop. neut. of creditus, p. p. of
credere to trust, loan, believe. See {Creed}.]
1. Reliance on the truth of something said or done; belief;
faith; trust; confidence.

When Jonathan and the people heard these words they
gave no credit unto them, nor received them. --1
Macc. x. 46.

2. Reputation derived from the confidence of others; esteem;
honor; good name; estimation.

John Gilpin was a citizen
Of credit and renown. --Cowper.

3. A ground of, or title to, belief or confidence; authority
derived from character or reputation.

The things which we properly believe, be only such
as are received on the credit of divine testimony.
--Hooker.

4. That which tends to procure, or add to, reputation or
esteem; an honor.

I published, because I was told I might please such
as it was a credit to please. --Pope.

5. Influence derived from the good opinion, confidence, or
favor of others; interest.

Having credit enough with his master to provide for
his own interest. --Clarendon.

6. (Com.) Trust given or received; expectation of future
playment for property transferred, or of fulfillment or
promises given; mercantile reputation entitling one to be
trusted; -- applied to individuals, corporations,
communities, or nations; as, to buy goods on credit.

Credit is nothing but the expectation of money,
within some limited time. --Locke.

7. The time given for payment for lands or goods sold on
trust; as, a long credit or a short credit.

8. (Bookkeeping) The side of an account on which are entered
all items reckoned as values received from the party or
the category named at the head of the account; also, any
one, or the sum, of these items; -- the opposite of
{debit}; as, this sum is carried to one's credit, and that
to his debit; A has several credits on the books of B.

{Bank credit}, or {Cash credit}. See under {Cash}.

{Bill of credit}. See under {Bill}.

{Letter of credit}, a letter or notification addressed by a
banker to his correspondent, informing him that the person
named therein is entitled to draw a certain sum of money;
when addressed to several different correspondents, or
when the money can be drawn in fractional sums in several
different places, it is called a {circular letter of
credit}.

{Public credit}.
(a) The reputation of, or general confidence in, the
ability or readiness of a government to fulfill its
pecuniary engagements.
(b) The ability and fidelity of merchants or others who
owe largely in a community.

He touched the dead corpse of Public Credit, and
it sprung upon its feet. --D. Webster.


Cash \Cash\ (k[a^]sh), n. [F. caisse case, box, cash box, cash.
See {Case} a box.]
A place where money is kept, or where it is deposited and
paid out; a money box. [Obs.]

This bank is properly a general cash, where every man
lodges his money. --Sir W.
Temple.

[pounds]20,000 are known to be in her cash. --Sir R.
Winwood.

2. (Com.)
(a) Ready money; especially, coin or specie; but also
applied to bank notes, drafts, bonds, or any paper
easily convertible into money.
(b) Immediate or prompt payment in current funds; as, to
sell goods for cash; to make a reduction in price for
cash.

{Cash account} (Bookkeeping), an account of money received,
disbursed, and on hand.

{Cash boy}, in large retail stores, a messenger who carries
the money received by the salesman from customers to a
cashier, and returns the proper change. [Colloq.]

{Cash credit}, an account with a bank by which a person or
house, having given security for repayment, draws at
pleasure upon the bank to the extent of an amount agreed
upon; -- called also {bank credit} and {cash account}.

{Cash sales}, sales made for ready, money, in distinction
from those on which credit is given; stocks sold, to be
delivered on the day of transaction.

Syn: Money; coin; specie; currency; capital.