Found 1 items, similar to Public credit.
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Definition: Public credit
, a. [L. publicus, poblicus, fr. populus people:
cf. F. public. See People
1. Of or pertaining to the people; belonging to the people;
relating to, or affecting, a nation, state, or community;
-- opposed to private
; as, the public treasury.
To the public good
Private respects must yield. --Milton.
He [Alexander Hamilton] touched the dead corpse of
the public credit, and it sprung upon its feet. --D.
2. Open to the knowledge or view of all; general; common;
notorious; as, public report; public scandal.
Joseph, . . . not willing to make her a public
example, was minded to put her away privily. --Matt.
3. Open to common or general use; as, a public road; a public
house. “The public street.”
or public statute
(Law), an act or statute
affecting matters of public concern. Of such statutes the
courts take judicial notice.
. See under Credit
. See Fund
, an inn, or house of entertainment.
(a) See International law
, under International
(b) A public act or statute.
. (Law) See under Nuisance
. (Eng. Universities) See Orator
, military and naval stores, equipments, etc.
, all fixed works built by civil engineers for
public use, as railways, docks, canals, etc.; but
strictly, military and civil engineering works constructed
at the public cost.
(kr[e^]d"[i^]t), n. [F. cr['e]dit (cf. It.
credito), L. creditum loan, prop. neut. of creditus, p. p. of
credere to trust, loan, believe. See Creed
1. Reliance on the truth of something said or done; belief;
faith; trust; confidence.
When Jonathan and the people heard these words they
gave no credit unto them, nor received them. --1
Macc. x. 46.
2. Reputation derived from the confidence of others; esteem;
honor; good name; estimation.
John Gilpin was a citizen
Of credit and renown. --Cowper.
3. A ground of, or title to, belief or confidence; authority
derived from character or reputation.
The things which we properly believe, be only such
as are received on the credit of divine testimony.
4. That which tends to procure, or add to, reputation or
esteem; an honor.
I published, because I was told I might please such
as it was a credit to please. --Pope.
5. Influence derived from the good opinion, confidence, or
favor of others; interest.
Having credit enough with his master to provide for
his own interest. --Clarendon.
6. (Com.) Trust given or received; expectation of future
playment for property transferred, or of fulfillment or
promises given; mercantile reputation entitling one to be
trusted; -- applied to individuals, corporations,
communities, or nations; as, to buy goods on credit.
Credit is nothing but the expectation of money,
within some limited time. --Locke.
7. The time given for payment for lands or goods sold on
trust; as, a long credit or a short credit.
8. (Bookkeeping) The side of an account on which are entered
all items reckoned as values received from the party or
the category named at the head of the account; also, any
one, or the sum, of these items; -- the opposite of
; as, this sum is carried to one's credit, and that
to his debit; A has several credits on the books of B.
, or Cash credit
. See under Cash
Bill of credit
. See under Bill
Letter of credit
, a letter or notification addressed by a
banker to his correspondent, informing him that the person
named therein is entitled to draw a certain sum of money;
when addressed to several different correspondents, or
when the money can be drawn in fractional sums in several
different places, it is called a circular letter of credit
(a) The reputation of, or general confidence in, the
ability or readiness of a government to fulfill its
(b) The ability and fidelity of merchants or others who
owe largely in a community.
He touched the dead corpse of Public Credit, and
it sprung upon its feet. --D. Webster.