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 lessor is the owner, the one who borrows someone something and the lessee is the user, the borrower. I do understand that you may be trying to assist ?students, in your responses - but no-one...can 'borrow' someone, something!!