An instrument designed to enable accumulation of learning outcomes gained in formai, non-formal and/or informai settings, and ease their transfer from one setting to another for validation. A credit system can be designed by describing: -an education or training programme and attaching points (credits) to its components (modules, courses, placements, dissertation work, etc.); or -a qualification using units of learning outcomes and attaching credit points to every unit. Source: Cedefop, 2008.