Found 1 items, similar to Public credit.
English → English (gcide)
Definition: Public credit
Public
\Pub"lic\, 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.
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To the public good
Private respects must yield. --Milton.
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He [Alexander Hamilton] touched the dead corpse of
the public credit, and it sprung upon its feet. --D.
Webster.
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2. Open to the knowledge or view of all; general; common;
notorious; as, public report; public scandal.
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Joseph, . . . not willing to make her a public
example, was minded to put her away privily. --Matt.
i. 19.
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3. Open to common or general use; as, a public road; a public
house.
“The public street.” --Shak.
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public act or
public statute (Law), an act or statute
affecting matters of public concern. Of such statutes the
courts take judicial notice.
Public credit. See under
Credit.
Public funds. See
Fund, 3.
Public house, an inn, or house of entertainment.
Public law.
(a) See
International law, under
International.
(b) A public act or statute.
Public nuisance. (Law) See under
Nuisance.
Public orator. (Eng. Universities) See
Orator, 3.
Public stores, military and naval stores, equipments, etc.
Public works, 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.
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Credit
\Cred"it\ (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.
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When Jonathan and the people heard these words they
gave no credit unto them, nor received them. --1
Macc. x. 46.
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2. Reputation derived from the confidence of others; esteem;
honor; good name; estimation.
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John Gilpin was a citizen
Of credit and renown. --Cowper.
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3. A ground of, or title to, belief or confidence; authority
derived from character or reputation.
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The things which we properly believe, be only such
as are received on the credit of divine testimony.
--Hooker.
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4. That which tends to procure, or add to, reputation or
esteem; an honor.
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I published, because I was told I might please such
as it was a credit to please. --Pope.
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5. Influence derived from the good opinion, confidence, or
favor of others; interest.
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Having credit enough with his master to provide for
his own interest. --Clarendon.
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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.
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Credit is nothing but the expectation of money,
within some limited time. --Locke.
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7. The time given for payment for lands or goods sold on
trust; as, a long credit or a short credit.
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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
debit; as, this sum is carried to one's credit, and that
to his debit; A has several credits on the books of B.
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Bank credit, 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
.
Public credit.
(a) The reputation of, or general confidence in, the
ability or readiness of a government to fulfill its
pecuniary engagements.
(b) The ability and fidelity of merchants or others who
owe largely in a community.
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He touched the dead corpse of Public Credit, and
it sprung upon its feet. --D. Webster.
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