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Credit vs Installment - What's the difference?

credit | installment |

As nouns the difference between credit and installment

is that credit is reliance on the truth of something said or done; faith; trust while installment is the act of installing; installation.

As a verb credit

is to believe; to put credence in.

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.

    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

    Anagrams

    * * ----

    installment

    English

    Alternative forms

    * instalment (Commonwealth)

    Etymology 1

    From install, itself from (etyl) installer, from installare, from (etyl) in- + ML stallum 'stall' (from Germanic stal, see below)

    Noun

    (en noun)
  • The act of installing; installation.
  • Take oaths from all kings and magistrates at their installment , to do impartial justice by law. Milton.
  • (obsolete) The seat in which one is placed.
  • The several chairs of order, look, you scour; . . . Each fair installment , coat, and several crest With loyal blazon, evermore be blest. Shakespeare.
    Synonyms
    * investiture, investment * installation

    Etymology 2

    A 1732 alteration of (estallment), from (etyl) : The sense of "part of a whole produced in advance of the rest" is from 1823.

    Noun

    (en noun)
  • A portion of a debt, or sum of money, which is divided into portions that are made payable at different times. Payment by installment is payment by parts at different times, the amounts and times (often equal namely regular, e.g. mensual) being often definitely stipulated.
  • a part of a broadcast or published serial.
  • anything that is performed in parts, spread in time
  • Usage notes
    For this sense in the UK, the OED permits only the spelling instalment . Commonwealth usage varies.
    Synonyms
    * (portion of a debt) * (part of a broadcast or published serial) episode, part

    References

    * * * [http://www.etymonline.com/index.php?search=installment+&searchmode=none]