verb
- to provide funding or financial backing for something before it begins or before other funding becomes available
Usage: business; finance
Examples
- The studio prefinances independent films before they go into production.
- The bank prefinances the construction project until the main loan is approved.
- Our company prefinances inventory purchases for small retailers.
- The government prefinances infrastructure projects through special bonds.
- She prefinances her startup costs using personal savings.
- The distributor prefinances movie productions in exchange for distribution rights.