1 n-uncount If you are allowed credit, you are allowed to pay for goods or services several weeks or months after you have received them. oft on N The group can not get credit to buy farming machinery..., You can ask a dealer for a discount whether you pay cash or buy on credit. 2 n-uncount If someone or their bank account is in credit, their bank account has money in it. (mainly BRIT) in N, N n The