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Credit vs Award - What's the difference?

credit | award |

As nouns the difference between credit and award

is that credit is credit while award is (legal) a judgment, sentence, or final decision specifically: the decision of arbitrators in a case submitted.

As a verb award is

(legal) to give by sentence or judicial determination; to assign or apportion, after careful regard to the nature of the case; to adjudge; as, the arbitrators awarded damages to the complainant.

credit

English

Verb

(en verb)
  • To believe; to put credence in.
    • Someone said there were over 100,000 people there, but I can't credit that.
  • * Shakespeare
    • How shall they credit / A poor unlearned virgin?
  • (accounting) To add to an account (confer debit.)
    • Credit accounts receivable with the amount of the invoice.
    For the payroll period credit employees' tips to their wages paid account and debit their minimum wage payable account.
    The full amount of the purchase has been credited to your account.
  • To acknowledge the contribution of.
    • I credit the town council with restoring the shopping district.
    Credit the point guard with another assist.
  • To bring honour or repute upon; to do credit to; to raise the estimation of.
  • * South
    • You credit the church as much by your government as you did the school formerly by your wit.

    Related terms

    * credible * credibility * creditable * creditor * credence * credential * credo * creed

    Noun

  • Reliance on the truth of something said or done; faith; trust.
  • * Bible, 1 Macc. x. 46
    • When Jonathan and the people heard these words they gave no credit into them, nor received them.
  • (uncountable) Recognition and respect.
    • I give you credit for owning up to your mistake.
    He arrived five minutes late, but to his credit he did work an extra ten minutes at the end of his shift.
  • * Cowper
    • John Gilpin was a citizen / Of credit and renown.
  • * {{quote-news
    • , year=2011 , date=December 10 , author=David Ornstein quoting (David Moyes) , title=Arsenal 1 - 0 Everton , work=BBC Sport citation , page= , passage="I've got to give credit to Van Persie, it was a great goal. We didn't mean to give them chances but they're a good team."}}
  • (countable) Acknowledgement of a contribution, especially in the performing arts.
    • She received a singing credit in last year's operetta.
  • Written titles and other information about the TV program or movie shown at the beginning and/or end of the TV program or movie.
    • They kissed, and then the credits rolled.
  • (uncountable, legal, business) A privilege of delayed payment extended to a buyer or borrower on the seller's or lender's belief that what is given will be repaid.
    • In view of your payment record, we are happy to extend further credit to you.
  • The time given for payment for something sold on trust.
    • a long credit''' or a short '''credit
  • (uncountable, US) A person's credit rating or creditworthiness, as represented by their history of borrowing and repayment (or non payment).
    • What do you mean my credit is no good?
  • (accounting) An addition to certain accounts.
  • (tax accounting) A reduction in taxes owed, or a refund for excess taxes paid.
    • Didn't you know that the IRS will refund any excess payroll taxes that you paid if you use the 45(B) general business credit ?
  • A source of value, distinction or honour.
    • That engineer is a credit to the team.
  • * Alexander Pope
    • I published, because I was told I might please such as it was a credit to please.
  • An arbitrary unit of value, used in many token economies.
    • To repair your star cruiser will cost 100,000 credits .
    Would you like to play? I put in a dollar and I've got two credits left.
  • (uncountable) Recognition for having taken a course (class).
    • If you do not come to class, you will not get credit for the class, regardless of how well you do on the final.
  • (countable) A (course credit), a credit hour – used as measure if enough courses have been taken for graduation.
    • Dude, I just need 3 more credits to graduate – I can take socio-linguistics of Swahili if I want.

    Synonyms

    * unit

    Derived terms

    * course credit * creditable * credit card * credit crunch * credit hour * credit rating * credit reference * closing credits * end credits * extra credit * give credit * take credit for * line of credit * opening credits * take the cash and let the credit go * tip wage credit

    Related terms

    * credible

    External links

    * *

    Anagrams

    * * ----

    award

    English

    (wikipedia award)

    Noun

    (en noun)
  • (legal) A judgment, sentence, or final decision. Specifically: The decision of arbitrators in a case submitted.
  • (legal) The paper containing the decision of arbitrators; that which is warded.
  • A trophy or medal; something that denotes an accomplishment, especially in a competition. A based on merit.
  • (obsolete) Care, keeping.
  • *, Bk.VIII, Ch.ix:
  • *:Than the kynge for grete favour made Tramtryste to be put in his doughtyrs awarde and kepying, because she was a noble surgeon.
  • A negotiated minimum wage that is set for a particular trade or industry; an .
  • *1970 , Kenneth Frederick Walker, Australian Industrial Relations Systems , p.242,
  • *:The AMIEU[(Australian Meat Industry Employees Union)] first developed into a powerful organisation in the early years of the twentieth century, and after the first industry-wide collective agreement was made in 1911, collective bargaining prevailed in the industry until 1917, when the employers sought an award' from the Queensland Industrial Court. The first ' award was issued on March 12, 1918.
  • *2000 , Mark Wooden, The Transformation of Australian Industrial Relations , p.42,
  • *:A further 17 per cent responded that the agreement replaced ‘most’ aspects of the award', leaving the large majority (67 per cent) claiming that the agreeement replaced only ‘some’ aspects of the ' award .
  • *2007 , (Australian Bureau of Statistics), 2007 Year book, Australia , p.182,
  • *:Employees whose pay is set by ‘award' only’ are those who have their pay set by an '''award''', and who are not paid more than the ' award rate of pay.

    • Verb

    (en verb)
  • (legal) To give by sentence or judicial determination; to assign or apportion, after careful regard to the nature of the case; to adjudge; as, the arbitrators awarded damages to the complainant.
  • * Dryden
    • To review / The wrongful sentence, and award a new.
  • To determine; to make or grant an award.
  • to give an (prize) for merit
    • He was awarded the Nobel Prize for Literature.

    Synonyms

    * (make or grant an award) crown

    Derived terms

    * awardee * awarder

    External links

    * *