Definition, Meaning & Synonyms
preapprove
verb
/ˌpriːəˈpruːv/
Definition
To approve something in advance, especially a financial transaction or loan.
Examples
- The bank will preapprove your loan application if you meet their criteria.
- She decided to preapprove the budget before the project started.
Meaning
Preapproving means giving an approval or consent before an actual event or transaction takes place. It often applies to loans, credit, or applications where a preliminary check is done.
Synonyms
- Authorize
- Green-light
- Sanction
- Clear
