Definition, Meaning & Synonyms

prefund

verb

/ˈpriːˌfʌnd/

Definition

To provide funds in advance for a specific purpose or project.

Examples

The organization chose to prefund the project to avoid delays.
By prefunding the campaign, they ensured all bills were covered before the event started.
Investors decided to prefund the capital needed for the new software development.

Meaning

Prefund refers to the action of financing an initiative or covering expenses before they are incurred, ensuring that the necessary resources are available right from the start.