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.
A grantor is a person or legal entity, such as a business, transferring property ownership to another person or entity on a deed. The grantor is usually the current property owner. However, a grantor on a deed may be anyone who has some sort of ownership interest in a property she wants to give to someone else. For example, John and Mary each has a 50 percent interest in a house. Mary wants to give her 50 percent interest to Sue.