Preapprove Definition
prēə-pro͝ov
preapproved, preapproves, preapproving
verb
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
-
pre- +"Ž approve
From Wiktionary
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