verb
- giving approval or authorization for something before it happens or before a formal request is made
Usage: present participle of preapprove
Examples
- The bank is preapproving qualified customers for home loans.
- She spent the morning preapproving expense reports for the conference.
- The committee is preapproving several budget proposals before the meeting.
- They are preapproving credit applications to speed up the process.
- The manager is preapproving overtime requests for the busy season.
- The system is preapproving routine purchases under $500.