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English definition of “credit”

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credit

verb [T]
 
 
/ˈkredɪt/
BANKING, FINANCE to show that money has been added to something such as an account: When dividends are received the shareholder's account will be credited.credit sth with €10/€1000, etc. Within a week my card was credited with the $219 difference.credit €10/€1000, etc. to sth The bank mistakenly credited almost $1 million to his account.
ACCOUNTING to record an amount on the right side of a company's financial accounts to show a decrease in assets or an increase in debt: credit sth to sth A fair amount should be periodically credited to 'reserve' for depreciation.
(Definition of credit verb from the Cambridge Business English Dictionary © Cambridge University Press)
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