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Definition of credit transfer noun from the Oxford Advanced Learner's Dictionary

credit transfer

noun
 
/ˈkredɪt trænsfɜː(r)/
 
/ˈkredɪt trænsfɜːr/
[uncountable, countable]
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  1. the system of allowing somebody to take completed units of study from one course to another so that they contribute to the final qualification
    • Institutions need to develop processes for facilitating credit transfer for academically qualified students.
  2. (British English) the process of sending money from one person’s bank account to another’s
    • Wages are paid by direct credit transfer to your bank account each month.
    • The cost of credit transfers has increased.
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