prefinance

verb
pre·​fi·​nance | \ ˌprē-fə-ˈnan(t)s How to pronounce prefinance (audio) , -ˈfī-ˌnan(t)s, -fī-ˈnan(t)s \
variants: or pre-finance
prefinanced or pre-financed; prefinancing or pre-financing

Definition of prefinance

transitive verb

: to finance (something) in advance The executive pension plan is not pre-financed; the money is not set aside in advance and the costs are instead paid from annual cash flow as a compensation expense.— Janet McFarland

First Known Use of prefinance

1921, in the meaning defined above

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The first known use of prefinance was in 1921

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Cite this Entry

“Prefinance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/prefinance. Accessed 13 Aug. 2020.

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