preapprove

(redirected from preapproved)

pre·ap·prove

(prē′ə-pro͞ov′)

tr.v. pre·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.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

preapprove

(ˌpriːəˈpruːv)

vb (tr)

to approve in advance

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

pre•ap•prove

(ˌpri əˈpruv)
v.t. -proved, -prov•ing.

to approve in advance: a preapproved credit card.

[1650–60]

References in periodicals archive ?

To make sure you don't overstep your boundaries and buy a house outside of your budget, you should look into getting preapproved for a mortgage.

5 Tips For Mortgage Approval

Cashalo, a financial technology (fintech) affiliated with the Gokongweis, has pioneered the offering of preapproved digital credit for qualified consumers purchasing a basket of goods from accredited merchants.

Cashalo offers preapproved digital credit to qualified Filipinos

Around 110 mining blocks, bundled with preapproved permits and approvals, will be offered for investment in a competitive tender to be floated shortly, according to a senior official of Oman's Public Authority for Mining (PAM).

Oman to offer 110 mining blocks for investment

Use this as a tool to keep the negotiated price low because you cannot exceed your preapproved amount.

How to evaluate your finances before buying vehicle

Summary paragraph: New on the review list are many preapproved plans

IRS Resources Stretched

While only one in ten (13 percent) are preapproved for a mortgage, over three quarters (78 percent) are planning to be preapproved before seriously searching.

First-time buyers are upping budgets

401 and 403(a) for preapproved plans (i.e., master and prototype (M&P) and volume submitter (VS) plans).

IRS updates determination letter procedures for preapproved plans

A popular and often effective means of soliciting new loan business is to send prospects "preapproved" credit offerings.