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.
c. Debtor is the subject of the case. Â§ 101(13). d. Creditor is an entity that has a claim against the debtor that arose at the time of or before the order for relief concerning the debtor. Â§ 101(10).