Simple past tense and past participle of prequalify.(verb)
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Use "prequalified" in a sentence
"Some customers were told they had "prequalified" for a loan at one interest rate only to be charged a much higher rate when the loan came through, the complaint said."
"Robert Halter, executive director of IU's office of procurement, said bid deadlines would normally be longer, but Wagner had told his office both companies were "prequalified" and"
"Around two-thirds of the 35 companies that have been "prequalified" to place bids for the first bidding round are international firms like Total SA (TOT), Exxon Mobil Corp."