Abbreviation for Credit: Definition & Meaning

Abbreviation for credit

Abbreviation for Credit

  • CR

How to Pronounce Credit

The word “credit” is pronounced as “kred-it.” Remember, stress falls on the first syllable.

What Does Credit Mean?

Credit refers to trust or belief in someone’s ability to pay back a debt.

It can also mean an amount of money that a bank or business will allow someone to use and then pay back later.

Other Examples

  • Here’s something that will haunt you: You likely consume the rough equivalent of a credit card’s worth of plastic every single week, according to a World Wildlife Fund study. — Edition

Synonyms for Credit

Synonyms for credit include trust, belief, faith, and reliance.

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Created by Dr. Julia Rossi

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The History of the Word

The term “credit” originates from the Latin word “creditum,” meaning “a loan.” It entered the English language in the late 15th century.

When to Use the Abbreviation

The abbreviation “CR” is commonly used in financial contexts, such as on bank statements or credit reports, to indicate that a payment has been credited to an account.

Example of the Word and Abbreviation in Context

For example, if you make a payment towards your credit card bill, the bank may mark it as “CR” on your statement to show that the payment has been received and credited to your account.

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