prefinance

verb

pre·​fi·​nance ˌprē-fə-ˈnan(t)s 

-ˈfī-ˌnan(t)s,

-fī-ˈnan(t)s

variants or pre-finance

prefinanced or pre-financed; prefinancing or pre-financing

transitive verb

: to finance (something) in advance

The executive pension plan is not pre-financed; the money is not set aside in advance and the costs are instead paid from annual cash flow as a compensation expense.

—Janet McFarland

Word History

First Known Use

1921, in the meaning defined above