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.
Payor, often spelled payer, is defined as the person paying. 1  An example of a payor is the person who takes care of all the household bills. 2  An example of a payor is the person who takes care of all the household bills.