Homonym: Credit (Recognition)
Credit is the ability to borrow money or access goods and services with the promise to pay later. It is often measured by a credit score, which reflects a person's creditworthiness based on their borrowing history and repayment behavior. Lenders use this score to determine the risk of lending money to an individual.
When someone uses credit, they typically receive a loan or a credit card that allows them to make purchases. Repaying the borrowed amount on time can help improve a person's credit score, while late payments can harm it. Responsible credit use is essential for financial health.