Approval; deference; respect. See also full faith and credit. 2 n. Belief; faith; trust. 3 n. The ability to borrow money, the amount made available as a loan, or the ability to purchase goods and services without immediate payment, based on the creditor's faith in one's ability and intention to creditor repay the loan or to pay for the goods and services in the future. 4 n. A reduction in an amount owed or an addition to one's net worth or revenue. 5v. A form of security offered to a seller ...