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.
Use debtor in a sentence. â 1  I was the debtor and that meant that it was me that owed money to others and not the other way around sadly. â 2  You should make sure that you do not do anything to offend a debtor or they may be less likely to pay you back.