prequalified
Cleared in advance
Prequalified means having met preliminary requirements before a formal process begins.
In lending, a prequalified buyer has received an initial assessment suggesting they can afford a certain loan amount: We only show homes to prequalified buyers.
In contracting, prequalified vendors have demonstrated they meet basic standards to bid on projects.
The term implies screening has occurred, though final approval still requires further review.
Officially accepted or permitted
- vettedCarefully investigated beforehand
- creditworthyFit for loans
- low-riskMinimal potential for harm
- debt-to-incomeObligations relative to earnings
solvency · reliable · stable · solid · reputable · established · proven · dependable
Conditional authorization in advance
- lenderOne who loans money
- borrowerOne who takes temporarily
- underwritingRisk evaluation and acceptance
- applicationFormal request document
documentation · assets · liabilities · closing · house-hunting
Examined for suitability
- shortlistedAdvanced to final consideration
- candidatePerson seeking selection
- eligibleMeeting required conditions
- admissibleAllowed to be considered
competent · suitable · entitled · selected · threshold · requirements · standards · benchmarks
Potential client or opportunity
- salesRevenue from goods moved
- marketingPromoting goods to consumers
- buyerOne who acquires things
- inquiryRequest for information
conversion · pipeline · CRM · scoring · nurturing · outreach · interest · intent
Hired construction professional
- vendorOne who sells goods
- supplierSource of goods
- tenderSoft or sore
- procurementObtaining goods externally
RFP · certified · licensed · bonded · insured · registered · solicitation · award
approved
Officially accepted or permitted
- vettedCarefully investigated beforehand
- creditworthyFit for loans
- low-riskMinimal potential for harm
debt-to-income · solvency · reliable · stable · solid · reputable · established · proven · dependable · responsible
pre-approval
Conditional authorization in advance
- lenderOne who loans money
- borrowerOne who takes temporarily
- underwritingRisk evaluation and acceptance
application · documentation · assets · liabilities · closing · house-hunting
screened
Examined for suitability
- shortlistedAdvanced to final consideration
- candidatePerson seeking selection
- eligibleMeeting required conditions
admissible · competent · suitable · entitled · selected · threshold · requirements · standards · benchmarks · minimum
prospect
Potential client or opportunity
inquiry · conversion · pipeline · CRM · scoring · nurturing · outreach · interest · intent · decision-maker
contractor
Hired construction professional
procurement · RFP · certified · licensed · bonded · insured · registered · solicitation · award · contract
prequalifiedrejected
Refused or turned away
disqualified · denied · ineligible · declined · unqualified
prequalifiedfinalized
Made permanent and complete
certified · unevaluated · confirmed · unvetted · unscreened