Pre-Qualification

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Prequalification

The act or process of determining the approximate amount a borrower will be able to borrow before he/she actually applies for a loan. Prequalification looks at the borrower's current income and debt to make this determination. Prequalification is most common with mortgages. Because the borrower has not applied for the loan, it is not a guarantee of approval, but is rather an estimation. See also: Pre-approval.

Pre-Qualification

Same as Qualification.
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References in periodicals archive ?
The Swedish embedded systems programming tools developer IAR Systems AB said on Thursday (14 October) that it had agreed to sell all rights to its testing product family IAR PreQual to an unnamed buyer.
Swedish embedded systems programming tools developer IAR Systems AB said on Friday (13 August) that it had signed an agreement in principle regarding the sale of its PreQual product.
IAR Systems also provides a total solution for Bluetooth protocol stacks and applications, from development of Bluetooth devices to qualification, using IAR PreQual.
The ERM system drives greater agility and flexibility around Homefield's prequal and pricing solution.
PreQual Document Purchase 13-08-2014 23:59 19-08-2014 12:00
PRIMUS Canada is initially deploying the Brix VoIP PreQual Application as part of its recently introduced, free web portal -- My TalkBroadband (mytbb.
A provider of supplier management software, Prequal Group, serves the Middle East from its base in Baku, Azerbaijan.
New Brix VoIP PreQual Application Lets Service Providers Test If A Prospect's Broadband Connection Can Support VoIP
IAR Embedded Workbench, visualSTATE, and PreQual are trademarks of IAR Systems.
IAR Embedded Workbench, IAR C-SPY, IAR MakeApp, IAR visualSTATE and IAR PreQual are trademarks owned by IAR Systems.
Under this agreement, IAR takes on the development of Bluetooth PreQual, Telelogic's market-leading product for testing of the software in Bluetooth applications.