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a card that identifies a person as entitled to have food, merchandise, services, etc., billed on a charge account.
a card issued by banks, businesses, etc, enabling the holder to obtain goods and services on credit

1952 in the modern sense; the phrase was used late 19c. to mean “traveler’s check.”


Read Also:

  • Credit crunch

    noun 1. (informal) a period during which there is a sudden reduction in the availability of credit from banks and other lenders

  • Credit default swap

    noun 1. (finance) a contract in which the parties exchange the exposure to loss should a creditor fail to make a payment when it comes due back CDS

  • Credit-hour

    noun 1. (def 12).

  • Credit-life-insurance

    noun 1. insurance guaranteeing payment of the unpaid portion of a loan if the debtor should die.

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