Definitions

1. verb

to determine or investigate the creditworthiness or qualifications of a person or business before offering them credit or a loan

“The bank prequalified the applicant for a mortgage based on their income and credit score.”

2. verb

to eliminate a candidate or applicant from consideration before a formal interview or selection process

“The hiring manager prequalified the resumes of applicants to narrow down the pool of candidates.”

3. verb

to test or assess the suitability of a person or business for a particular program, service, or opportunity

“The college prequalified students for financial aid based on their academic performance and family income.”