Advanced standing obtained on the basis of formal, prior arrangements Credit transfer is available automatically to those who have documented evidence of achievement in the course or program for which an arrangement is in place A student granted credit transfer is exempted from a module (or modules) within their course or training program
The granting of status or credit by an institution or training organisation to students for modules (subjects) or units of competency completed at the same or another institution or training organisation See Credit
Credit towards qualifications granted to participants in training on the basis of assessing competency or course outcomes These assessments are based in prior agreement between organisations of the credit value of specific courses and programs Under the Training Package approach, credit transfer relates primarily to evidence of achievement of relevant competencies
A transfer of funds in which the payer issues a payment order to the payer's own bank and the order is passed, possibly through intermediary banks, to the bank of the payee or beneficiary (See debit transfer )
If a student has a credit transfer when they change from one school or college to another, their credits are transferred from their old school or college to their new one
Credit transfer is the recognition of competencies already attained in one qualification towards another qualification It means you might not have to do all of the other training course because you've already got the skills and knowledge from your previous course