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2 definitions found
 for Public credit
From The Collaborative International Dictionary of English v.0.48 :

  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.
        [1913 Webster]
  
              To the public good
              Private respects must yield.          --Milton.
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              He [Alexander Hamilton] touched the dead corpse of
              the public credit, and it sprung upon its feet. --D.
                                                    Webster.
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     2. Open to the knowledge or view of all; general; common;
        notorious; as, public report; public scandal.
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              Joseph, . . . not willing to make her a public
              example, was minded to put her away privily. --Matt.
                                                    i. 19.
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     3. Open to common or general use; as, a public road; a public
        house. "The public street." --Shak.
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     public act or public 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.
        [1913 Webster]

From The Collaborative International Dictionary of English v.0.48 :

  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.
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              When Jonathan and the people heard these words they
              gave no credit unto them, nor received them. --1
                                                    Macc. x. 46.
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     2. Reputation derived from the confidence of others; esteem;
        honor; good name; estimation.
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              John Gilpin was a citizen
              Of credit and renown.                 --Cowper.
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     3. A ground of, or title to, belief or confidence; authority
        derived from character or reputation.
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              The things which we properly believe, be only such
              as are received on the credit of divine testimony.
                                                    --Hooker.
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     4. That which tends to procure, or add to, reputation or
        esteem; an honor.
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              I published, because I was told I might please such
              as it was a credit to please.         --Pope.
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     5. Influence derived from the good opinion, confidence, or
        favor of others; interest.
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              Having credit enough with his master to provide for
              his own interest.                     --Clarendon.
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     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.
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              Credit is nothing but the expectation of money,
              within some limited time.             --Locke.
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     7. The time given for payment for lands or goods sold on
        trust; as, a long credit or a short credit.
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     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.
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     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.
            [1913 Webster]
  
                  He touched the dead corpse of Public Credit, and
                  it sprung upon its feet.          --D. Webster.
            [1913 Webster]

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