What's the difference between credit and liability?

Credit


Definition:

  • (n.) Reliance on the truth of something said or done; belief; faith; trust; confidence.
  • (n.) Reputation derived from the confidence of others; esteem; honor; good name; estimation.
  • (n.) A ground of, or title to, belief or confidence; authority derived from character or reputation.
  • (n.) That which tends to procure, or add to, reputation or esteem; an honor.
  • (n.) Influence derived from the good opinion, confidence, or favor of others; interest.
  • (n.) 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.
  • (n.) The time given for payment for lands or goods sold on trust; as, a long credit or a short credit.
  • (n.) 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.
  • (v. t.) To confide in the truth of; to give credence to; to put trust in; to believe.
  • (v. t.) To bring honor or repute upon; to do credit to; to raise the estimation of.
  • (v. t.) To enter upon the credit side of an account; to give credit for; as, to credit the amount paid; to set to the credit of; as, to credit a man with the interest paid on a bond.

Example Sentences:

  • (1) However, used effectively, credit can help you to make the most of your money - so long as you are careful!
  • (2) That is what needs to happen for this company, which started out as a rebellious presence in the business, determined to get credit for its creative visionaries.
  • (3) But the Franco-British spat sparked by Dave's rejection of Angela and Nicolas's cunning plan to save the euro has been given wings by news the US credit agencies may soon strip France of its triple-A rating and is coming along very nicely, thank you. "
  • (4) It could provoke the gravest risk, that all three rating agencies declare a credit event and then there are big contagion risks for other countries," he said.
  • (5) After all, he reminds us, the Smiths can take no credit for the place, having only been born and brought up there, not responsible for its size and stature.
  • (6) Cape no longer has the monopoly on talent; the stars are scattered these days, and Franklin's "fantastically discriminating" deputy Robin Robertson can take credit for many recent triumphs, including their most recent Booker winner, Anne Enright.
  • (7) In the UK, George Osborne used this to his advantage, claiming "Britain faces the disaster of having its international credit rating downgraded" even after Moody's ranked UK debt as "resilient".
  • (8) What about the "credit easing" George Osborne announced in his conference speech?
  • (9) Markets reacted calmly on Friday to the downgrade by Moody's of 16 European and US banks, with share prices steady after the reduction in credit ratings, which can push up the cost of borrowing for banks which they could pass on to customers.
  • (10) Not even housebuilders are entirely happy, although recent government policies such as Help to Buy and the encouragement of easy credit have helped their share prices rise.
  • (11) Top 10 Arpad Cseh Senior investment director, UBS Alice La Trobe Weston Executive director, head of European credit research, MSIM Morgan Stanley Katie Garrett Executive director, senior engineer, Goldman Sachs Alix Ainsley, Charlotte Cherry H R director, group operations (job share), Lloyds Banking Group Matt Dawson Director for business development, The Instant Group Angela Kitching, Hannah Pearce Head of external affairs (job share), Age UK Morwen Williams Head of newsgathering operations, BBC Georgina Faulkner Head of Sky multisports, Sky Maggie Stilwell Managing partner for talent, UK & Ireland, EY Sarah Moore Partner, PwC
  • (12) Also remember that each time you apply for a loan your credit record is checked, which will leave a footprint of the search.
  • (13) Sometimes it can seem as if the history of the City is the history of its crises and disasters, from the banking crisis of 1825 (which saw undercapitalised banks collapse – perhaps the closest historic parallel to the contemporary credit crunch), through the Spanish panic of 1835, the railway bust of 1837, the crash of Overend Gurney, the Kaffir boom, the Westralian boom, the Marconi scandal, and so on and on – a theme with endless variations.
  • (14) It acts as a one-stop shop bringing together credit unions and other organisations, such as Five Lamps , a charity providing loans, and white-goods providers willing to sell products with low-interest repayments.
  • (15) In 1987 the WI's main concern, writes Robinson, was the "aggressive and indiscriminate sale of credit".
  • (16) The details also suggest ministers have still to resolve some key issues including how credit is to be paid and whether to include child tax credit and council tax benefit.
  • (17) If figurative language is defined as involving intentional violation of conceptual boundaries in order to highlight some correspondence, one must be sure that children credited with that competence have (1) the metacognitive and metalinguistic abilities to understand at least some of the implications of such language (Lakoff & Johnson, 1980; Nelson, 1974; Nelson & Nelson, 1978), (2) a conceptual organization that entails the purportedly violated conceptual boundaries (Lange, 1978), and (3) some notion of metaphoric tension as well as ground.
  • (18) He argues that whenever you have periods of crazy expansion of virtual credit, like today, you either have to have a safety valve of forgiveness, like in Mesopotamia where you wiped the tablets clean every seven years, or you have an outbreak of social violence so intense you rip society apart.
  • (19) Since they were established they have been credited with changing the face of children and family services, identifying disadvantaged children and families and providing targeted support.
  • (20) The market is lightly regulated and any problems could ripple out into a wider credit crunch.

Liability


Definition:

  • (n.) The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.
  • (n.) That which one is under obligation to pay, or for which one is liable.
  • (n.) the sum of one's pecuniary obligations; -- opposed to assets.

Example Sentences:

  • (1) Liability of retransplanted syngeneic skin grafts to rejection could be almost entirely abolished by their exposure to 300 rads irradiation before placement on the intermediate host.
  • (2) Tata Steel, the owner of Britain’s largest steel works in Port Talbot, is in talks with the government about a similar restructuring for the British Steel pension scheme , which has liabilities of £15bn.
  • (3) These results are discussed in relation to previous reports suggesting a common addiction liability for both morphine and alcohol in inbred strains of animals.
  • (4) The precise aetiology of AHQS is still unresolved but it is concluded that it probably occurs post-natally and that some pigs have a genetic liability to develop the condition.
  • (5) But Burr admitted the bill would still allow companies to share directly with the NSA, and could potentially receive liability protections if information is shared “not electronically”.
  • (6) Two years later, the Guardian could point to reforms that owed much to what Ashley called his "bloody-mindedness" in five areas: non-disclosure of victims' names in rape cases; the rights of battered wives; the ending of fuel disconnections for elderly people; a royal commission on the legal profession; and civil liability for damages such as those due to thalidomide victims.
  • (7) For a substantial majority of the symptoms, the variance in liability was best explained by only genetic factors and environmental influences specific to the individual, where 33% to 46% of the variance was due to genetic factors.
  • (8) The authors describe several recent court cases in which judges have ignored or distorted acceptable clinical practices, conceivably creating a new liability standard whereby a tragic outcome is considered the result of failure to apply appropriate judgment.
  • (9) Whilst a charity may seem to have plenty of cash to meet its general liabilities, if the money is in the form of restricted funds it can only be used with permission of the donor or the Charity Commission .
  • (10) The Tony Abbott lecturing the American president on taxation fairness is, of course, the one who as Australian prime minister is presiding over policies of taxation amnesty for the richest Australians who have themselves offshored their hidden wealth, capping their taxable liability to merely the last four years.
  • (11) Recent court decisions since the landmark Wickline v. The State of California case in 1987 have addressed this issue of shared liability between payors and providers.
  • (12) We could be in a situation now where the potential liabilities are higher, which makes it more unlikely to find private investment.
  • (13) In summary, there are now available very potent narcotics, with small side effect liability.
  • (14) Continued escalation of claims frequency, however, and average paid-claim costs mean that other remedies will have to be sought if the professional liability problem is to be solved.
  • (15) But once legal liability cases began, evidence emerged from internal documents that Wyeth knew of far more cases of pulmonary hypertension than had been declared either to the FDA or to patients.
  • (16) In summary, the liability to exencephaly in SELH mice appears to be a multifactorial threshold trait, and it therefore resembles human neural tube defects in type of genetic etiology.
  • (17) This escape from liability occurs despite the fact that almost half of all traffic fatalities are attributable to alcohol.
  • (18) The infrastructure of New York that was once an "engineering marvel" is now a "liability", he said, urging a long-term rethink.
  • (19) To assess the physical dependence liability of dynorphin A analogs, mice were given repeated injections of various dynorphin A analogs twice daily for 5 days, and rats were given repeated administration of [N-methyl-Tyr1,N-methyl-Arg7,D-Leu8]dynorphin-A-(1-8) ethylamide (E-2078) twice daily for up to 7 weeks.
  • (20) The relative merits and liabilities for each wavelength and delivery system are discussed.