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What does preapproved mean?

Looking for the meaning or definition of the word preapproved? Here's what it means.

Adjective
  1. Approved in advance
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Examples
Before you go asking for that home you want, make sure you are preapproved for a mortgage.
The CANPASS and NEXUS Marine Private Boats Program provides expedited border clearance for low-risk, preapproved persons entering Canada by private boat.
You can add more than one clause document if multiple preapproved legal options are available for this clause.
Shred or destroy items with your name and address, such as preapproved credit card offers, insurance and loan applications, bills, and credit card receipts.
Every day, you get something in the mail that says you've been preapproved for a credit card, and people don't know how to say no.
Our mortgage broker will provide the buyer with a preapproved mortgage in a matter of hours.

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