credit

/ˈkredɪt/ verb [T]

Definition

› 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)