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

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

Word History

First Known Use

1921, in the meaning defined above

Time Traveler
The first known use of prefinance was in 1921

Dictionary Entries Near prefinance

Cite this Entry

“Prefinance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/prefinance. Accessed 14 Apr. 2024.

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