Present participle of accredit; the process of officially recognizing that standards are met.
The '-ing' suffix attaches to 'accredit' to form a gerund or present participle, indicating ongoing action in the process of credential-giving.
When you hear about 'accrediting bodies', you're hearing about institutions whose only job is to believe in and certify other institutions—it's a beautiful example of language showing us society's structure.
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