Letter grading is a prevalent system. adjective. The definition of prevalent is widespread, well known or in general use. An example of prevalent is the use of a letter grading system in colleges. prevalent. prevalent.
Answer / saif. A debtor/Accounts receivable is a person who owes to money to the business as he has received some benefit from the business. A Creditor/Accounts Payable is a person to whome the business owes money as he has given some benefit to the business.
Grantor is a legal term used in property deeds. In real estate, the grantor is the seller of a property such as a house. In general, a grantor can convey, or give, his title to a grantee, the buyer. A grantor transfers title to a grantee through a legal instrument known as a deed.