CREDIT

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Definitions

1. credit does not entirely deal with money. It has everything to do with confidence and reliability. (HCO PL 28 Jan 65)

2. the word credit comes from the Latin creditum meaning something entrusted to another-a loan. In bookkeeping the word is used to mean any right-hand entry made to an account but the making of such right-hand entries does not necessarily mean the recording of a loan. In fact, when you make a right-hand entry to an impersonal account it means the recording of an outflow of a MEST, service or money particle; it does not mean the recording of a loan. (BPL 14 Nov 70 III)