Credit
The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
The Cyclopedic Law Dictionary
The word "credit" is derived from the Latin word "credere."
75 111.
App. 665. (1) The confidence reposed in the ability and intention of a purchaser or borrower to make payment at some future time, either specified or indefinite.
75 111. App. 665.
The ability to borrow, on the opinion conceived by the lender that he will be repaid. (2) A debt due in consequence of a contract of hire or borrowing of money. (3) The time allowed by the creditor for the pajrment of goods sold by him to the debtor. (4) That which is due to a merchant, as distinguished from "debit," that which is due by him. (5) That influence connected with certain social positions.
20 Tou Uier, Dr. Civ. note 19.