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Meritocracy vs Credit - What's the difference?

meritocracy | credit |

As nouns the difference between meritocracy and credit

is that meritocracy is rule by merit, and talent by extension, now often used to describe a type of society where wealth, income, and social status are assigned through competition while credit is credit.

meritocracy

Noun

(meritocracies)
  • Rule by merit, and talent. By extension, now often used to describe a type of society where wealth, income, and social status are assigned through competition.
  • Usage notes

    Though widely used as a term of praise, Meritocracy's Lab Rat, by Timothy Noah the term was original coined as a satire, and a critique of awarding educational achievement.

    Derived terms

    * meritocrat * meritocratic

    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

    * * ----