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1. Asscred is short for "Major Ass Credit". This is when you get a lot of Extra Credit in a lame-ass setting, like therapy or school.
2. Identical to street cred, but in school. Your popularity factor in school. Also referred to as Social asscred.
"I got a shitload of asscred for that Emerald Team Motto project."
by Emma J September 08, 2006
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