preapprove

verb
pre·​ap·​prove | \ˌprē-ə-ˈprüv \
variants: or pre-approve
preapproved or pre-approved; preapproving or pre-approving

Definition of preapprove 

transitive verb

: to approve (something or someone) in advance The bank preapproved the loan. We were preapproved for the loan.

Other Words from preapprove

preapproval \ ˌprē-​ə-​ˈprü-​vəl \ or pre-approval noun plural preapprovals or pre-approvals
mortgage preapprovals the preapproval process

First Known Use of preapprove

1654, in the meaning defined above

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The first known use of preapprove was in 1654

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