Definition of "pre-approve"
  1. A lender's early commitment to provide a loan to a potential borrower, maintaining the promise while the borrower continues to satisfy eligibility rules at purchase time
How to use "pre-approve" in a sentence
  1. The bank agreed to pre-approve Tom's loan, contingent on his credit status at the time of buying a house.
  2. Mary was excited to buy her first car since she was already pre-approved for a loan.
  3. To attract customers, the dealership offered to pre-approve them for a car loan.

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