Preapprove

Pronunciation: /ˈpɹiˈəpɹuv/

Preapprove (verb)

  1. To approve something before it is officially requested or started, so the next step can happen quickly.
  2. To give a conditional approval for a loan or credit before the final application details are checked.

Examples

  • They preapprove the request before the meeting.
  • The manager preapproves the budget to save time.