Credit System
/ˈkrɛdɪt ˈsɪstəm/
Definitions
- (n.) A regulatory framework managing the allocation and exchange of credits, often environmental or financial, enabling compliance with legal obligations.
The government implemented a credit system to regulate carbon emissions trading among companies.
- (n.) An academic structure that quantifies student workload and achievement for legal education accreditation.
The law school uses a credit system to determine eligibility for graduation.
Forms
- credit system
- credit systems
Related terms
See also
Commentary
The term 'credit system' may refer to distinct legal contexts—primarily environmental regulation or academic administration; clarity of setting is essential in drafting and interpretation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.