Preapprove Definition

preapproved, preapproves, preapproving
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.
American Heritage
To approve in advance.
Webster's New World

To authorize (a person) to obtain (a credit card, loan, etc.) based on credit rating, not on any formal credit application.

Webster's New World

Origin of Preapprove

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