creditability (kred"itabiliti)

[ And there is an instance yet behinde, which is more creditable than either, and gives probability to them all. Glanville, Vanity of Dogmatizing, xxi. Creditable witne es. Ludlow , Memoirs, III. 74. 2. Reputable; bringing credit, honor, reputation, or esteem; respectable; of good report. A creditable way of living. Arbuthnot , John Bull. Sheridan , School for Scandal, ii. 3. creditablene (kred'i-ta-bl-nes), n. Reputa He [Frederic] also served with credit , though without any opportunity of acquiring brilliant distinction, under the command of Prince Eugene. Macaulay , Frederic the Great. 6. Influence derived from the good opinion or confidence of others; interest; power derived from weight of character, from friendship, ser- vice, or other cause: as, the minister has credit with the prince; use your credit with your friend in my favor. Whose credit with the judge Could fetch your brother from the manacles Of the all-binding law. Shak ., M. for M., ii. 4. Credit with a god was claimed by the Trojan,. not on account of rectitude, but on account of oblations made; as is shown by Chryses' prayer to Apollo. H. Spencer , Prin. of Sociol., § 344. 7. In com.: (a) Trust; confidence reposed in the ability and intention of a purchaser to make payment at some future time either specified or indefinite: as, to ask or give credit; to sell or buy on credit. When a merchant gives a credit, he sells his wares on an expre ed or implied promise that the purchaser will pay for them at a future time. The seller believes in the solvency or probity of the purchaser, and delivers his goods on that belief or trust; or he delivers them either on the credit or reputation of the purchaser or on the strength of approved security. The circulation of money was large. This circulation, being of paper, of course rested on credit ; and this credit was founded on banking capital, and bank deposits. D. Webster , Speech, Senate, March 18, 1834. blene ; creditable character, condition, or estimation; the character of being admired or imitated. Among all these snares, there is none more entangling than the creditablene and repute of customary vices. Decay of Christian Piety. creditably (kred'i-ta-bli), adv. Reputably; with credit; without disgrace. He who would be creditably , and succe fully, a villain, let him go whining, praying, and preaching to his work. South , Sermons, V. 218. crédit foncier (krā-dē fôn-syā'). [F., lit. land credit: crédit, credit; foncier, landed, pertaining to land, fonds, ground, landed property, cash, funds: see credit, n., and fund. ] An a ociation that lends money on the pledge of real estate. Such a ociations are of two kinds: ( a ) Those in which the a ociation lends money on real estate at a fixed rate of interest, and i ues stock based on the property thus pledged, promising to pay a fixed rate of interest thereon. The stock may be bought by any person. The purchaser, in effect, buys the stock on the promise of the borrower coupled with the pledge of his property, and on the further promise of the a ociation. This form is common in Germany. (b) Those in which the loan is repaid by instalments or annuities extending over a period of years, generally fifty. A ociations of this kind are common in France. Crédit Mobilier (kred'it mō-bē'lier; F. pron. krā-dē' mo-be-lyā'). [F., lit. personal credit: crédit, credit; mobilier, personal (of property), credulity mobile, movable: see credit, n., and mobile. ] 1. In French hist., a banking corporation formed in 1852, under the name of the “Société générale du Crédit Mobilier," with a capital of 60,000,000 francs, for the placing of loans, handling the stocks of all other companies, and the transaction of a general banking busine . It engaged in very extensive transactions, buying, selling, and loaning in such a manner as to bring into one organized whole all the stocks and credit of France, and was apparently in a most prosperous condition until it proposed to i ue bonds to the amount of 240,000,000 francs. This amount of paper curreney frightened financiers, and the government forbade its i ue. From this time the company rapidly declined, and closed its affairs in 1867, with great lo to all but its proprietors. 2. In U. S. hist., a similar corporation chartered in Pennsylvania in 1863 with a capital of $2,500,000. In 1867, after pa ing into new hands, and increasing its stock to $3,750,000, it became a company for the building of the Union Pacific railroad. For a few years it paid large dividends, and its stock rose in value. In a trial in Pennsylvania in 1872 as to the ownership of some stock, it was shown that certain congre men secretly po e ed stock, and both houses of the Congre that met in December of that year appointed committees of investigation. The Senate committee recommended the expulsion of one member; but the Senate did nothing. The House committee recommended the expulsion of two of its members; but the House, instead, pa ed resolutions of censure.