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prefinance

verb

pre·​fi·​nance ˌprē-fə-ˈnan(t)s How to pronounce prefinance (audio)
-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

Time Traveler
The first known use of prefinance was in 1921

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