transitive verb-·proved′, -·prov′ing
- to approve in advance
- to authorize (a person) to obtain (a credit card, loan, etc.) based on credit rating, not on any formal credit application
transitive verbpre·ap·proved, pre·ap·prov·ing, pre·ap·proves
To approve (an applicant or an application for a loan, for example) at an earlier point in the approval process than is usual, sometimes even before an application is submitted: a customer who was preapproved for a $2,000 credit line.
(third-person singular simple present preapproves, present participle preapproving, simple past and past participle preapproved)
pre- +"Ž approve