Sentence examples for prequalification from inspiring English sources
The word 'prequalification' is correct and is commonly used in written English
It is typically used when referring to a process or procedure that occurs before the final selection or approval is made. Example: In order to be eligible for the mortgage, the applicant must go through a prequalification process to determine their creditworthiness and financial stability.
noun
Qualification in advance
Unless some dramatic change occurs, Mr Bush will have earned that prequalification with the vast majority of voters.
The WHO has a "prequalification" scheme that authorises cheap, good drugs for aid programmes.
Mr. Donovan said the bank no longer preapproved buyers for a mortgage but gave them what he called a "prequalification" to tell them what type of financing was available to them.
Buyers working with a broker should also ask which lenders the broker knows are issuing which kinds of letters, and whether having just a prequalification will affect their chances of putting in a winning bid on a property.
Major energy companies, including the U.S. giants ExxonMobil and Chevron and Total of France, are among 52 to enter prequalification talks.
Joe Mollica, an owner of Connecticut Financial Mortgage, a mortgage broker in Stamford, Conn., says that some listing agents won't even consider potential bidders who are not recently preapproved, and generally won't accept the quicker prequalification letter as a substitute either.
WITH the housing market warming up in many areas, and multiple offers becoming more commonplace, buyers who want an advantage in the bidding process will need more than a mortgage prequalification.
Ms. Smith says many banks are now issuing prequalifications no different from preapprovals, in that they contain hard credit checks and the like.
Most large hospitals and clinics, especially those with integrative medicine programs, like Beth Israel in New York, have an advocate in the billing or coding department that can help with prequalifications, appeals and other paperwork.
UK-proposed changes discussed in the negotiations include: more freedom for procurers to negotiate with suppliers; simplification of supplier selection/prequalification process; and faster procurement through reduced minimum timescales.
keeps a list of essential drugs, and its Drug Prequalification Program does its best to keep a separate list of safe suppliers of these drugs, which aid organizations refer to when buying medicines for developing countries.
