s also used for the currency which papers or bills have in the public or among dealers. In this sense credit is said to rise, when, in negotiating the shares of the company, they are received and sold at prices above par, or the standard of their first creation. Discounted is opposed to credit, and is used where money, bills, &c. fall below par.

Credit was also anciently a right which lords had over their vassals; consisting in this, that during a certain time they might oblige them to lend them money. In this sense, the Duke of Brittany had credit during fifteen days on his own subjects, and those of the bishop of Nautes; and the bishop had the same credit or right among his subjects and those of that prince.