Credit definition

Credit means the right granted by a creditor to a debtor to defer payment of debt or to incur debt and defer its payment.
View Source
Credit means a student’s successful completion of an academic year of study or a student’s mastery of the applicable subject matter, as determined by the school district.
View Source
Credit is modified to read “Grant”.
View Source

Examples of Credit in a sentence

  • For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.09.

  • Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

  • If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above.

  • If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  • All Existing Letters of Credit shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.


More Definitions of Credit

Credit means any of the Revolving Credit or the Term Credit.
View Source
Credit means the credit issued to the Company against its annual liability for Illinois State Income Taxes pursuant to Section II.B, subject to the limitation set forth in Section II.C or otherwise in this Agreement.
View Source
Credit in paragraphs (a)(ii) and (c)(i) of Section 6.02 is replaced with the words “credit, grant or financing”.
View Source
Credit means the right granted by a creditor to a debtor to defer payment of debt or to incur debts and defer its payment or to purchase property or services and defer payment therefore.
View Source
Credit means the amount agreed to between the Department
View Source
Credit has the meaning given to it in Article 2.1 (Amount of Credit).
View Source
Credit. , when used as a noun, means-
View Source