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

In banking, 'credit-transfer' is a transaction where funds are moved electronically from one account to another within the same or different financial institutions. A bank teller might inform, 'You can initiate a credit-transfer through our online banking platform for immediate fund transfers.'

Practice Scenarios

Financial-Policy

Scenario:

Current banking regulations do not encourage the easy movement of funds between different banking entities. How do you feel about this issue?

Response:

There's definitely a need for policies that facilitate smoother credit transfers between banks.

Academics

Scenario:

I see you've taken some classes at your previous college that overlap with our curriculum. We'll need your transcripts to verify this.

Response:

Understood. I will have the official credit transfer document sent to you as soon as possible.