Conditional Approval
nouncon·di·tion·al ap·prov·alpronounced kən-DISH-ən-əl ə-PROO-vəl
Last reviewed 16 April 2026
What does the noun Conditional Approval mean?
A lender's written indication that a borrower meets their lending criteria based on the information provided, subject to specific conditions being met before the loan is finalised. Also called approval in principle. It is not a guarantee of funding.
How the noun Conditional Approval is used
We got conditional approval before attending the auction, but still needed the bank's valuation to come through for formal approval.
Synonyms
approval in principle, pre-approval, indicative approval
Related words
Cite this entry
MLA citation: "Conditional Approval." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/conditional-approval. Accessed 30 May 2026.
Chicago citation: How to Property. "Conditional Approval." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/conditional-approval.
APA citation: How to Property. (2026, April 16). Conditional Approval. https://howtoproperty.com.au/definitions/conditional-approval