Pre-Approval
/ˌpriː.əˈpruː.vəl/
Definitions
- (n.) An official authorization granted before a certain act or transaction, often required to ensure compliance with legal or contractual conditions.
The loan was contingent on obtaining pre-approval from the bank.
Forms
- pre-approval
Related terms
See also
Commentary
Pre-approval is often used in financial and regulatory contexts to denote consent granted prior to a binding commitment.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.