crebit

A combination of the words credit and debit - essentially when one action cancels out another - Can apply to excercise cancelling out the damage done by alchohol - Also any other negative activity, like watching crap TV being counterbalanced by reading a quality book - essentially good deeds cancelling out bad ones

Joe asked Dave 'What did you do at the weekend' Dave replied 'on friday night i had a skinful of vodka and shagged that skanky bird from the pub - and then on saturday i went to the gym and cooked a meal for my mum and sister - so the crebit's all good'

by rriikk1 November 29, 2010

Crebit

A conjunction of "credit" and "debit" used by retail check-out clerks to determine whether a customer is using a credit card or direct debit card.

A customer hands Elisha a charge card to pay for her nail extensions.

Elisha: "Crebit?"
Customer: "Hunh?"
Elisha: "Is that a credit card or a debit card?"

by Jonnyslots July 11, 2007

Crebit Card

It is a credit or debit card.

This store excepts crebit cards.

by The one and only Brandy January 10, 2009

crebit darb

owning a debit card and a credit card.
Ja'MeerQuavion: yo u got a crebit darb?
Gatravious: yeah I have a crebit darb, why u asking???

Tragic Bronson offered to pay for my lunch with his crebit darb.

by BrickWallWilliams October 6, 2025

credit default swap

(FINANCE) financial instrument in which buyer is someone who needs insurance against the possibility that a borrower will default on a loan. In that case, the counterparty is whoever receives the CDS premiums, and pays out in the event of default.

WHY IT'S BAD
Loans are usually made by either commercial banks (in which a loan officer is supposed to make a professional assessment of risk of default before handing over the money), or by investment banks (which underwrite securities like bonds). If the borrower has a high risk of default, then the loan should not be made--period.

Credit default swaps were a stupid method of supposedly turning a bad loan into a "risky" (and potentially high-yield) "investment"; they were in reality a strategy for fraud. Since portfolio managers knew they were bundling securitized loans that contained mostly crap, they would arrange credit default swaps and cash in when the borrowers defaulted.

What the bankers hit on was a sort of insurance policy: a third party would assume the risk of the debt going sour, and in exchange would receive regular payments from the bank, similar to insurance premiums. JPMorgan would then get to remove the risk from its books and free up the reserves. The scheme was called a "credit default swap," and it was a twist on something bankers had been doing for a while to hedge against fluctuations in interest rates and commodity prices.

{Newsweek, "The Monster That Ate Wall Street," 27 Sep 2008}

by Abu Yahya July 17, 2010

credit monger

One who lines themselves up to receive credit, or makes sure that every ounce of credit for their actions is well recognized and possibly even documented. #creditmonger

Milton: I swear all these people who make movies are credit mongers
Peter: I hear you, not like you see my name appearing on the credits of the 500 TPS reports that I've proof-read!

by Max86 November 3, 2014

credit card player

A person that resorts to using real money so as to buy their way thru an online game in this way they can purchase better tools, weaponry, XP, etc. thus gaining an unfair advantage over other players who are earning progress by actually playing the game.

While playing Band of Heroes on facebook, a player posted the comment, " WTF, I been working hard at this game for six months getting no where and that other dude started last week and is in the top ten already ?" To which another player replies, "Yeah, thats a credit card player, a loser that wins, LOL"

by jpg3 August 15, 2010