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.…
DEAD a.
ad pledge, a mortgage. See Mortgage. -- Dead point. (Mach.) See Dead center. -- Dead reckoning (Naut.), the method of determining the place of a ship from a record kept of the courses sailed as given by compass, and the distance made on each course as found by log, with allowance for leeway, etc., without the aid of…