[1] : The Collaborative International Dictionary of English v.0.48

credit \cred"it\ kre^d"i^t, n. f. cr'edit 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.
      1913 webster

            when jonathan and the people heard these words they
            gave no credit unto them, nor received them. --1
                                                  macc. x. 46.
      1913 webster

   2. reputation derived from the confidence of others; esteem;
      honor; good name; estimation.
      1913 webster

            john gilpin was a citizen
            of credit and renown.                 --cowper.
      1913 webster

   3. a ground of, or title to, belief or confidence; authority
      derived from character or reputation.
      1913 webster

            the things which we properly believe, be only such
            as are received on the credit of divine testimony.
                                                  --hooker.
      1913 webster

   4. that which tends to procure, or add to, reputation or
      esteem; an honor.
      1913 webster

            i published, because i was told i might please such
            as it was a credit to please.         --pope.
      1913 webster

   5. influence derived from the good opinion, confidence, or
      favor of others; interest.
      1913 webster

            having credit enough with his master to provide for
            his own interest.                     --clarendon.
      1913 webster

   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.
      1913 webster

            credit is nothing but the expectation of money,
            within some limited time.             --locke.
      1913 webster

   7. the time given for payment for lands or goods sold on
      trust; as, a long credit or a short credit.
      1913 webster

   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.
      1913 webster

   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.
          1913 webster

                he touched the dead corpse of public credit, and
                it sprung upon its feet.          --d. webster.
          1913 webster
see also:
creed debit bank credit cash credit cash bill of credit 
bill letter of credit circular letter of credit public credit 

[2] : The Collaborative International Dictionary of English v.0.48

bill \bill\, n. oe. bill, bille, fr. ll. billa or of. bille,
   for l. bulla anything rounded, ll., seal, stamp, letter,
   edict, roll; cf. f. bille a ball, prob. fr. ger.; cf. mhg.
   bickel, d. bikkel, dice. cf. bull papal edict, billet a
   paper.
   1913 webster
   1. law a declaration made in writing, stating some wrong
      the complainant has suffered from the defendant, or a
      fault committed by some person against a law.
      1913 webster

   2. a writing binding the signer or signers to pay a certain
      sum at a future day or on demand, with or without
      interest, as may be stated in the document. eng.
      1913 webster

   note: in the united states, it is usually called a note, a
         note of hand, or a promissory note.
         1913 webster

   3. a form or draft of a law, presented to a legislature for
      enactment; a proposed or projected law.
      1913 webster

   4. a paper, written or printed, and posted up or given away,
      to advertise something, as a lecture, a play, or the sale
      of goods; a placard; a poster; a handbill.
      1913 webster

            she put up the bill in her parlor window. --dickens.
      1913 webster

   5. an account of goods sold, services rendered, or work done,
      with the price or charge; a statement of a creditor's
      claim, in gross or by items; as, a grocer's bill.
      1913 webster

   6. any paper, containing a statement of particulars; as, a
      bill of charges or expenditures; a weekly bill of
      mortality; a bill of fare, etc.
      1913 webster

   bill of adventure. see under adventure.

   bill of costs, a statement of the items which form the
      total amount of the costs of a party to a suit or action.
      

   bill of credit.
      a within the constitution of the united states, a paper
          issued by a state, on the mere faith and credit of the
          state, and designed to circulate as money. no state
          shall "emit bills of credit." --u. s. const. --peters.
          --wharton. --bouvier
      b among merchants, a letter sent by an agent or other
          person to a merchant, desiring him to give credit to
          the bearer for goods or money.

   bill of divorce, in the jewish law, a writing given by the
      husband to the wife, by which the marriage relation was
      dissolved. --jer. iii. 8.

   bill of entry, a written account of goods entered at the
      customhouse, whether imported or intended for exportation.
      

   bill of exceptions. see under exception.

   bill of exchange com., a written order or request from
      one person or house to another, desiring the latter to pay
      to some person designated a certain sum of money therein
      generally is, and, to be negotiable, must be, made payable
      to order or to bearer. so also the order generally
      expresses a specified time of payment, and that it is
      drawn for value. the person who draws the bill is called
      the drawer, the person on whom it is drawn is, before
      acceptance, called the drawee, -- after acceptance, the
      acceptor; the person to whom the money is directed to be
      paid is called the payee. the person making the order may
      himself be the payee. the bill itself is frequently called
      a draft. see exchange. --chitty.

   bill of fare, a written or printed enumeration of the
      dishes served at a public table, or of the dishes with
      prices annexed which may be ordered at a restaurant, etc.
      

   bill of health, a certificate from the proper authorities
      as to the state of health of a ship's company at the time
      of her leaving port.

   bill of indictment, a written accusation lawfully presented
      to a grand jury. if the jury consider the evidence
      sufficient to support the accusation, they indorse it "a
      true bill," otherwise they write upon it "not a true
      bill," or "not found," or "ignoramus", or "ignored."

   bill of lading, a written account of goods shipped by any
      person, signed by the agent of the owner of the vessel, or
      by its master, acknowledging the receipt of the goods, and
      promising to deliver them safe at the place directed,
      dangers of the sea excepted. it is usual for the master to
      sign two, three, or four copies of the bill; one of which
      he keeps in possession, one is kept by the shipper, and
      one is sent to the consignee of the goods.

   bill of mortality, an official statement of the number of
      deaths in a place or district within a given time; also, a
      district required to be covered by such statement; as, a
      place within the bills of mortality of london.

   bill of pains and penalties, a special act of a legislature
      which inflicts a punishment less than death upon persons
      supposed to be guilty of treason or felony, without any
      conviction in the ordinary course of judicial proceedings.
      --bouvier. --wharton.

   bill of parcels, an account given by the seller to the
      buyer of the several articles purchased, with the price of
      each.

   bill of particulars law, a detailed statement of the
      items of a plaintiff's demand in an action, or of the
      defendant's set-off.

   bill of rights, a summary of rights and privileges claimed
      by a people. such was the declaration presented by the
      lords and commons of england to the prince and princess of
      orange in 1688, and enacted in parliament after they
      became king and queen. in america, a bill or declaration
      of rights is prefixed to most of the constitutions of the
      several states.

   bill of sale, a formal instrument for the conveyance or
      transfer of goods and chattels.

   bill of sight, a form of entry at the customhouse, by which
      goods, respecting which the importer is not possessed of
      full information, may be provisionally landed for
      examination.

   bill of store, a license granted at the customhouse to
      merchants, to carry such stores and provisions as are
      necessary for a voyage, custom free. --wharton.

   bills payable pl., the outstanding unpaid notes or
      acceptances made and issued by an individual or firm.

   bills receivable pl., the unpaid promissory notes or
      acceptances held by an individual or firm. --mcelrath.

   a true bill, a bill of indictment sanctioned by a grand
      jury.
      1913 webster
see also:
bull billet bill of adventure adventure bill of costs bill of credit 
bill of divorce bill of entry bill of exceptions exception bill of exchange 
exchange bill of fare bill of health bill of indictment bill of lading 
bill of mortality bill of pains and penalties bill of parcels bill of particulars bill of rights 
bill of sale bill of sight bill of store bills payable bills receivable 
a true bill 

[3] : Bouvier's Law Dictionary, Revised 6th Ed (1856)

bill of credit. it is provided by the constitution of the united states, 
art. 1, s. 10, that no state shall " emit bills of credit, or make anything 
but gold and silver coin a tender in payment or debts." such bills of credit 
are declared to mean promissory notes or bills issued exclusively on the 
credit of the. state, and for the payment of which the faith of the state 
only is pledged. the prohibition, therefore, does not apply to the notes of 
a state bank, drawn on the credit of a particular fund set apart for the 
purpose. 2 m'cord's r. 12; 2 pet. r. 818; 11 pet. r. 257. bills of credit 
may be defined to be paper issued and intended to circulate through the 
community for its ordinary purposes, as money redeemable at a future day. 4 
pet. u. s. r. 410; 1 kent, com. 407 4 dall. r. xxiii.; story, const. sec.  
1362 to 1364 1 scam. r. 87, 526. 
     2. this phrase is used in another sense among merchants it is a letter 
sent by an agent or other person to a merchant, desiring him to give credit 
to the bearer for goods or money. com. dig. merchant, f 3; 5 sm.  marsh. 
491; r. m. charlt. 151; 4 pike, r. 44; 3 burr. rep. 1667. 

Bill Of Credit >> B Words
Bill Of Credit, definition of term: Bill Of Credit
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Bill, definition of term: Bill
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Bill Of Rights >> B Words
Bill Of Rights, definition of term: Bill Of Rights
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Bill Of Particu, definition of term: Bill Of Particu
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Bill Of Sale >> B Words
Bill Of Sale, definition of term: Bill Of Sale
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Bill Of Lading >> B Words
Bill Of Lading, definition of term: Bill Of Lading
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Bill Of Excepti >> B Words
Bill Of Excepti, definition of term: Bill Of Excepti
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Bill Of Attaind, definition of term: Bill Of Attaind
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