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"Section C"


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.


Cred"it (kr&ebreve;d"&ibreve;t), v.
t.
[imp. & p. p. Credited;
p. pr. & vb. n. Crediting.]
1. To confide in the truth of; to give
credence to; to put trust in; to believe.


How shall they credit

A poor unlearned virgin?

Shak.


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