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Bought owing some or all of something's cost in the future, either in full or in instalments, instead of paying that money upfront. We desperately needed a new car but our savings were pretty depleted, so we had to buy it on credit. You need to stop buying things on credit, or you're going to be in debt for the rest of your life.
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.
1. praise or recognition for one's role in something. (*Typically: get ~; have ~; give someone ~.) Especially with a lot of ~, much ~.) Mary should get a lot of credit for the team's success. Each of the team captains should get credit.
2. praise or recognition of someone for having a particular quality. (*Typically: get ~; have ~; give someone ~.) We give her a lot of credit for her ability to get people to work out their differences. We will give credit to Sharon for her good humor.
3. credit granted to someone's account for some other financial transaction. (*Typically: get ~; have ~; give someone ~.) I will give you credit for the returned merchandise. We got credit for the check Brian sent us.
using credit; buying something using credit. I tried to buy a new suit on credit, but I was refused. The Smiths buy everything on credit and are very much in debt.
McGraw-Hill Dictionary of American Idioms and Phrasal Verbs. © 2002 by The McGraw-Hill Companies, Inc.