pre-qualification
Preliminary eligibility check
Pre-qualification is a preliminary assessment determining whether someone or something meets basic requirements before formal evaluation begins.
In lending, pre-qualification estimates how much a borrower might receive based on self-reported information: We got pre-qualified for a mortgage before house hunting.
In contracting, vendors seek pre-qualification to bid on projects.
The process screens out unlikely candidates early, saving time for both parties.
Secured home loan
- loanBorrowed money repaid later
- credit checkExamination of payment history
- debt-to-incomeObligations relative to earnings
- approvalFavorable opinion given
lender · borrower · interest rate · affordability · credit score · pre-approval · underwriting · bank
Potential client or opportunity
- pipelineLong-distance fluid transport tube
- budgetPlan for spending
- authorityPower to enforce obedience
- needEssential requirement
timeline · sales funnel · conversion · inbound · outbound · SQL · CRM · vetting
One who sells goods
compliance · eligibility · certification · shortlisting · due diligence · contracting · proposal · financial stability
State of meeting criteria
- heatTransferred thermal energy
- trialsFormal legal proceedings
- standardsAccepted levels of quality
- cutoffPoint of termination
entry requirements · registration · seeding · preliminary · threshold · minimum score · roster · tryout
mortgage
Secured home loan
- loanBorrowed money repaid later
- credit checkExamination of payment history
- debt-to-incomeObligations relative to earnings
approval · lender · borrower · interest rate · affordability · credit score · pre-approval · underwriting · bank · application
prospect
Potential client or opportunity
- pipelineLong-distance fluid transport tube
- budgetPlan for spending
- authorityPower to enforce obedience
need · timeline · sales funnel · conversion · inbound · outbound · SQL · CRM · vetting · screening
vendor
One who sells goods
supplier · compliance · eligibility · certification · shortlisting · due diligence · contracting · proposal · financial stability · track record
eligibility
State of meeting criteria
cutoff · entry requirements · registration · seeding · preliminary · threshold · minimum score · roster · tryout · selection
- real estatehouse, home, apartment, property, sale
- mortgage loansloan amount, loan term, loan officer, lender, borrower
- biddingbid, bidder, bidding, auction, opening bid
pre-qualificationfinal approval
Authorization that concludes review
final decision · closing · consummation · settlement · funding
pre-qualificationdisqualification
Removal from eligibility
rejection · denial · exclusion · elimination · ineligibility
qualification, qualify, qualified, qualifier, qualifiers, qualifying, qualifies, unqualified, disqualify