credit-transfer

Vocabulary Word

Definition

'Credit transfer' is when you can apply credits that you've earned in one place, like a class or school, in a different place, another class or school. It's like using a coupon from one store in another store!

Examples in Different Contexts

For international education programs, 'credit-transfer' systems allow students to study abroad and have those credits count towards their degree at their home institution. An international programs coordinator might explain, 'Our credit-transfer agreements with partner universities worldwide enable students to gain international experience without delaying their graduation.'

Practice Scenarios

Business

Scenario:

We are facing a cash flow problem this month. It seems like we'll have to tap into our savings to cover the operational costs.

Response:

You're right. We need to do a credit transfer from our savings account to manage our cash flow.

Tech

Scenario:

Our digital platform needs a function for users to easily move money from one account to another. Please refer to our competitors for a benchmark.

Response:

On it! Implementing a credit transfer feature will definitely make our platform better for our users.