Adjacent Words

Public credit definitions

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Webster's 1913 Dictionary

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. 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. Webster. 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. i. 19. 3. Open to common or general use; as, a public road; a public house. ``The public street.'' --Shak. Public act or 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.

Webster's 1913 Dictionary

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. 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. --Hooker. 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 debit; as, this sum is carried to one's credit, and that to his debit; A has several credits on the books of B. 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. He touched the dead corpse of Public Credit, and it sprung upon its feet. --D. Webster.