prefinance

verb pre·fi·nance \ ˌprē-fə-ˈnan(t)s , -ˈfī-ˌnan(t)s , -fī-ˈnan(t)s \
variants: or pre-finance

Definition of prefinance

prefinanced or pre-financed; prefinancing or pre-financing
: 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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