It's a list of all the classes taken, with their dates and grades received, and usually the grade point average (GPA) which is traditionally in the range [0..4].
The official transcript is issued by the university and is considered reliable proof of your grades. An employer might request this along with references. Grad school applications usually require them.
About GPAs, for those in a different system, in some places it's possible to get a little over 4.0 through extra-credit assignments. The top couple of students in the year might have 4.1, for example.
None of this existed in the UK, a least when I was there.
The official transcript is issued by the university and is considered reliable proof of your grades. An employer might request this along with references. Grad school applications usually require them.
About GPAs, for those in a different system, in some places it's possible to get a little over 4.0 through extra-credit assignments. The top couple of students in the year might have 4.1, for example.
None of this existed in the UK, a least when I was there.