Preapprove meaning

prē'ə-pro͝ov'
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.

verb
4
0
To approve in advance.
verb
3
0
To authorize (a person) to obtain (a credit card, loan, etc.) based on credit rating, not on any formal credit application.
verb
3
0
Approve beforehand; approve before execution or implementation.
verb
3
0
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Origin of preapprove