Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Credits

Several definitions: 1) A term used in accounting to describe a payment made towards an amount owed. 2) May also be a transaction between two parties whereby one (creditor/lender) provides money, goods or securities in return for a promised future payment by the other party (debtor/borrower). Transactions such as this normally include the payment of interest to the lender. Contrast with DEBIT.
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Credited Service (ERISA Standard)

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Credits and the Numerical Rating System

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