Public credit
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. [1913 Webster]

When Jonathan and the people heard these words they gave no credit unto them, nor received them. --1 Macc. x. 46. [1913 Webster]

2. Reputation derived from the confidence of others; esteem; honor; good name; estimation. [1913 Webster]

John Gilpin was a citizen Of credit and renown. --Cowper. [1913 Webster]

3. A ground of, or title to, belief or confidence; authority derived from character or reputation. [1913 Webster]

The things which we properly believe, be only such as are received on the credit of divine testimony. --Hooker. [1913 Webster]

4. That which tends to procure, or add to, reputation or esteem; an honor. [1913 Webster]

I published, because I was told I might please such as it was a credit to please. --Pope. [1913 Webster]

5. Influence derived from the good opinion, confidence, or favor of others; interest. [1913 Webster]

Having credit enough with his master to provide for his own interest. --Clarendon. [1913 Webster]

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. [1913 Webster]

Credit is nothing but the expectation of money, within some limited time. --Locke. [1913 Webster]

7. The time given for payment for lands or goods sold on trust; as, a long credit or a short credit. [1913 Webster]

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. [1913 Webster]

{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. [1913 Webster]

He touched the dead corpse of Public Credit, and it sprung upon its feet. --D. Webster. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • Public credit — Public Pub lic, a. [L. publicus, poblicus, fr. populus people: cf. F. public. See {People}.] 1. Of or pertaining to the people; belonging to the people; relating to, or affecting, a nation, state, or community; opposed to {private}; as, the… …   The Collaborative International Dictionary of English

  • public credit — The value of a thing, the worth of a performance, in the opinion of the public. See seals of public credit …   Ballentine's law dictionary

  • First Report on the Public Credit — The First Report on Public Credit was the first of three major reports on economic policy issued by American Founding Father and first United States Treasury Secretary Alexander Hamilton on the request of Congress. The report analyzed the… …   Wikipedia

  • Ministry of Finance and Public Credit (Colombia) — Ministry of Finance and Public Credit Ministerio de Hacienda y Crédito Público Ministry Headquarters in Bogotá …   Wikipedia

  • Secretariat of Finance and Public Credit — The Secretariat of Finance and Public Credit (Secretaría de Hacienda y Crédito Público or SHCP) is Mexico s finance ministry. The Secretary of Finance and Public Credit is a member of the federal executive cabinet and is appointed by the… …   Wikipedia

  • Ministry of Finance and Public Credit — Colombian ministries and agencies department=Ministry of Finance and Public Credit spanish=Ministerio de Hacienda y Credito Publico logo=noimage.png current minister=Oscar Iván Zuluaga vice minister=Gloria Ines Cortes Arango established=1821… …   Wikipedia

  • Second Report on Public Credit — The Second Report on Public Credit was the second report of three major reports on economic policy issued by Founding Father of the United States and first United States Treasury Secretary Alexander Hamilton on the request of Congress for… …   Wikipedia

  • seals of public credit — Seals kept and used by public authority. Kirksey v Dates (Ala) 7 Port 529. The Great Seal of the United States; the Great Seal of a state, the seals of courts of record, and other seals of which judicial notice is taken. In England, such seals… …   Ballentine's law dictionary

  • Public — Pub lic, a. [L. publicus, poblicus, fr. populus people: cf. F. public. See {People}.] 1. Of or pertaining to the people; belonging to the people; relating to, or affecting, a nation, state, or community; opposed to {private}; as, the public… …   The Collaborative International Dictionary of English

  • public act — Public Pub lic, a. [L. publicus, poblicus, fr. populus people: cf. F. public. See {People}.] 1. Of or pertaining to the people; belonging to the people; relating to, or affecting, a nation, state, or community; opposed to {private}; as, the… …   The Collaborative International Dictionary of English

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