A person's ability to borrow money or to obtain goods for later repayment based on the person's solvency and reliability.

The ability to borrow on the opinion conceived by the lender that he will be repaid. This definition includes the effect and the immediate cause of credit. The debt due in consequence of such a contract is also called a credit; as, administrator of the goods, chattels, effects and credits, etc.

The time extended for the payment of goods sold is also called a credit; as the goods were sold at six months credit.

In commercial law credit is understood as opposed to debit; credit is what is due to a merchant, debit what is due by him.

Credit also signifies that influence acquired by intrigue connected with certain social positions. This last species of credit is not of such value as to be the object of commerce.