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 may take out a loan or use a credit card. These financial tools allow people to make purchases or cover expenses without having the full amount upfront. However, it is important to repay borrowed amounts on time to avoid interest charges and maintain a good credit score.