prequalify
Approve in advance
To prequalify is to establish eligibility before a formal application or selection process.
Mortgage lenders prequalify borrowers by estimating how much they can borrow based on preliminary financial information: We got prequalified for $400,000.
Job candidates may be prequalified through initial screenings.
The term implies a tentative approval that streamlines later steps but doesn't guarantee final acceptance.
State of meeting criteria
- requirementsNecessary conditions for something
- criteriaStandards for judgment
- suitabilityState of being apt
- prerequisitesNecessary prior conditions
credentials · entitlement · admissibility · standards · certification · accreditation · authorization · competence
Evaluative selection process
- assessmentFormal evaluation of worth
- evaluationDetermining worth or quality
- vettingEvaluating suitability through investigation
- filteringSelective passage of elements
review · checklist · inspection · examination · verification · testing · analysis · audit
Secured home loan
- loanBorrowed money repaid later
- creditworthinessAbility to repay debts
- lenderOne who loans money
- borrowerOne who takes temporarily
underwriting · credit score · debt-to-income · approval · down payment · interest rate · pre-approval · financial statements
Before the main part
- initialName's opening letter
- preparatoryDone before something else
- groundworkFoundational preparation for something
- exploratorySeeking to discover
provisional · tentative · early-stage · foundational · introductory · opening · prelude · ahead of time
eligibility
State of meeting criteria
- requirementsNecessary conditions for something
- criteriaStandards for judgment
- suitabilityState of being apt
prerequisites · credentials · entitlement · admissibility · standards · certification · accreditation · authorization · competence · capability
screening
Evaluative selection process
- assessmentFormal evaluation of worth
- evaluationDetermining worth or quality
- vettingEvaluating suitability through investigation
filtering · review · checklist · inspection · examination · verification · testing · analysis · audit · scrutiny
mortgage
Secured home loan
- loanBorrowed money repaid later
- creditworthinessAbility to repay debts
- lenderOne who loans money
borrower · underwriting · credit score · debt-to-income · approval · down payment · interest rate · pre-approval · financial statements · assets
preliminary
Before the main part
- initialName's opening letter
- preparatoryDone before something else
- groundworkFoundational preparation for something
exploratory · provisional · tentative · early-stage · foundational · introductory · opening · prelude · ahead of time · advance