Skip to main content
Glite Dictionary
📦 To pack early 📦 A ready package 💼 A quick sale
prepack

prepack

8.2
A quick sale of a company agreed before bankruptcy to keep it running
  • noun
  • /ˈpriːpæk/
  • UK
translation icon : prepack
  • The company was saved through a prepack that allowed it to continue trading under new ownership.

Examples

  • The administrators recommended a prepack to maximize the value for creditors.

  • A prepack can help protect jobs by ensuring a quick sale of the business.

  • The company entered a prepack agreement last month.

  • Many businesses opt for a prepack to streamline the process.

  • The company was saved through a prepack that allowed it to continue trading under new ownership.

  • A prepack can help protect jobs by ensuring a quick sale of the business.

  • The administrators recommended a prepack to maximize the value for creditors.

Surface Forms

prepack singular
prepacks plural

Morphology

prepack = pack (semi-transparent) = pre + pack

Formally 'pre' + 'pack' is clear, but the sense refers to a specific legal/insolvency procedure not predictable from the base.

Etymology

Prepack comes from the idea of a 'pre-packaged' sale, with pre- ('before') and pack ('put together'). A helpful way to remember the business meaning is that a prepack is a sale arranged 'before' a company goes into official bankruptcy, so it can be sold very quickly.