preapproval
1
3.9
- noun
- /priːəˈpruːvəl/
:
preaprobación
- To make the home buying process smoother, securing preapproval for a mortgage is essential.
- get preapproval
Examples
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Several meta-analyses of the preapproval randomized controlled trials (RCTs) showed similar or superior efficacy and safety of NOACs compared with warfarin.
Academic text (2017) -
Of course, some insurance companies require preapproval (Mendez-Eastman, 1998).
Academic text (2002) -
Finally, obtain loan preapproval from a lending company to know in advance the amount of loan that can be obtained prior to choosing a property.
Blog text (25) -
Eighty-two U.S. sanctions on these three countries prohibit this sort of transaction without preapproval.
Academic text (2017) -
Once you start working with a realtor, things seem to snowball, so it's better to get your ducks in a row first (mortgage preapproval, line up inspectors, etc.).
Blog text (29) -
Before starting the house hunt, we decided to obtain preapproval from our bank.
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Having preapproval allows you to know how much you can borrow and strengthens your offer.
Synonyms
3
8.4
Official permission given before an action can start
How Approved
Surface Forms
Morphology
Etymology
Preapproval breaks into pre- meaning 'before' and approve meaning 'to agree' or 'say yes'. So, preapproval is when a bank or lender says 'yes' to you 'before' you finish the full application, often for a loan or credit.