Considering the positive, beneficial, advantageous, etc., aspects of a situation, especially amid other elements that are otherwise negative, detrimental, or disadvantageous. My wife went into labor while we were still away in Europe. The whole ordeal was really stressful, but on the credit side, our son now has dual citizenship! On the credit side of the ledger, the film's female lead offers a remarkably strong character for girls and women of all ages to identify with and look up to.