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.
Trustee: The trustee is the person that holds and administers the assets of a trust for the benefit of another. Beneficiary: The beneficiary is the person who receives a benefit from the trust. Remaindermen: The remaindermen is the person who receives whatâs left of the trustâs property when it ends. Grantor trusts: What happens when the grantor has control? In grantor trusts, the grantor retains certain powers over the trust administration.