prefund
/priːˈfʌnd/
noun
- Money that is set aside or provided in advance for a specific purpose.
- The prefund covered all initial costs, so no additional money was needed for the first year.
- The prefund for the new library came from a generous donation by a local family.
- We need to secure a prefund before we can begin hiring staff for the event.
verb
- To provide money or funds in advance, before a planned expense or project begins.
- The company decided to prefund the research project so the scientists could start immediately.
- Many parents prefund their children's college education through special savings accounts.
- The government will prefund the infrastructure repairs to avoid delays in construction.
Antonyms