Definition, Meaning & Synonyms

prefinance

verb

/ˌpriːˈfaɪnæns/

Definition

To finance or fund something in advance or prior to the usual point in time.

Examples

The company decided to prefinance its new project to ensure timely progress.
Investors were willing to prefinance the startup to help it launch before the peak season.

Meaning

Prefinance refers to the act of securing financial support before a specific project or endeavor begins, often used in business and investment contexts.