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What does preneed mean?

Looking for the meaning or definition of the word preneed? Here's what it means.

Adjective
  1. Arranged before a need arises.
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The funeral home owner takes a bit of a haircut when the preneed contract comes due, but he has more than enough full-price customers to cover the overhead.
Meanwhile the preneed funerals have started to chew into the bottom line.
Some agreements with third-party preneed sales companies require the funeral provider to enter into a noncompetition clause with the seller.
Ongoing supervision of their preneed activity.
We already are the leader in the preneed funding industry, but we keep improving to serve you better.
Excellence is the premier preneed training aid designed to help a firm build a new system or enhance an existing program.

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