How Do You Spell PREAPPROVE?

Pronunciation: [pɹiːɐpɹˈuːv] (IPA)

The word "preapprove" is spelled with a "pre-" prefix, meaning "before", and the root "approve". In IPA phonetic transcription, the word is pronounced /pri-əˈpruv/. The stress falls on the second syllable, which is pronounced with a schwa sound, while the first syllable is pronounced with a high-mid front vowel /i/. The final syllable is pronounced with the voiced labiodental fricative /v/ and the voiceless bilabial stop /p/. This word is commonly used to describe a process of approving something in advance.

Meaning and Definition
Common Misspellings
Etymology
Conjugate verb
Basic Check Advanced Check

PREAPPROVE Meaning and Definition

  1. The term "preapprove" refers to the act of granting advance approval or authorization for something, typically a loan, credit card, or other financial arrangement. It is a process in which a financial institution, such as a bank or credit card company, evaluates an individual's or business' creditworthiness and determines their eligibility to obtain a specific amount of credit before any actual application is made.

    When a person or entity receives a preapproval, it indicates that they have met the initial criteria set by the lender based on their credit history, income, and other relevant factors. Preapproval is usually granted for a limited period, such as 30 to 90 days, during which the applicant can avail themselves of the predetermined credit amount if they choose to do so.

    The purpose of preapprovals is to provide individuals with the confidence and assurance to make informed financial decisions. By having a preapproval, individuals can streamline the process of applying for credit, as they have already gone through the initial screening process. This also enables them to negotiate better terms and conditions, such as interest rates and repayment periods, as they have demonstrated their creditworthiness to lenders.

    It is important to note that preapprovals are not guarantees of obtaining credit, but rather indications of the likelihood of approval based on the preliminary assessment. Final approval depends on the lender's verification of the submitted documents and additional criteria specific to the credit product being sought.

Common Misspellings for PREAPPROVE

Etymology of PREAPPROVE

The word "preapprove" is derived from two main components: "pre-" and "approve".

The prefix "pre-" comes from the Latin word "prae", meaning "before" or "in advance". It is commonly used to indicate that something is done prior to or in preparation for something else.

The word "approve" comes from the Latin word "approbare", which means "to assent to" or "to give formal sanction to". It is derived from the combination of "ad-" (meaning "to" or "towards") and "probare" (meaning "to test" or "to prove"). Over time, "approbare" evolved into the word "approve" in English.

By combining "pre-" and "approve", the word "preapprove" was formed to indicate the act of approving or giving formal sanction to something in advance or before its actual occurrence.

Conjugate verb Preapprove

CONDITIONAL

I would preapprove
you would preapprove
he/she/it would preapprove
we would preapprove
they would preapprove

CONDITIONAL CONTINUOUS

I would be preapproving
you would be preapproving
he/she/it would be preapproving
we would be preapproving
they would be preapproving

CONDITIONAL PERFECT

I would have preapprove
you would have preapprove
he/she/it would have preapprove
we would have preapprove
they would have preapprove

CONDITIONAL PERFECT CONTINUOUS

I would have been preapproving
you would have been preapproving
he/she/it would have been preapproving
we would have been preapproving
they would have been preapproving

FUTURE

I will preapprove
you will preapprove
he/she/it will preapprove
we will preapprove
they will preapprove

FUTURE CONTINUOUS

I will be preapproving
you will be preapproving
he/she/it will be preapproving
we will be preapproving
they will be preapproving

FUTURE PERFECT

I will have preapproved
you will have preapproved
he/she/it will have preapproved
we will have preapproved
they will have preapproved

FUTURE PERFECT CONTINUOUS

I will have been preapproving
you will have been preapproving
he/she/it will have been preapproving
we will have been preapproving
they will have been preapproving

IMPERATIVE

you preapprove
we let´s preapprove

NONFINITE VERB FORMS

to preapprove

PAST

I preapproved
you preapproved
he/she/it preapproved
we preapproved
they preapproved

PAST CONTINUOUS

I was preapproving
you were preapproving
he/she/it was preapproving
we were preapproving
they were preapproving

PAST PARTICIPLE

preapproved

PAST PERFECT

I had preapproved
you had preapproved
he/she/it had preapproved
we had preapproved
they had preapproved

PAST PERFECT CONTINUOUS

I had been preapproving
you had been preapproving
he/she/it had been preapproving
we had been preapproving
they had been preapproving

PRESENT

I preapprove
you preapprove
he/she/it preapproves
we preapprove
they preapprove

PRESENT CONTINUOUS

I am preapproving
you are preapproving
he/she/it is preapproving
we are preapproving
they are preapproving

PRESENT PARTICIPLE

preapproving

PRESENT PERFECT

I have preapproved
you have preapproved
he/she/it has preapproved
we have preapproved
they have preapproved

PRESENT PERFECT CONTINUOUS

I have been preapproving
you have been preapproving
he/she/it has been preapproving
we have been preapproving
they have been preapproving