prepackagedpre·pack·aged /ˌpriːˈpækɪdʒd◂/ (also pre-packaged) adjectiveadj1if a product is prepackaged, it is prepared and wrapped before it is soldImperial Foods Inc. operates a prepackaged sandwich and vending business.
prepackaged software
2FINANCELAW a prepackaged arrangement for a company in financial difficulty has been agreed to by CREDITORs (=people and organizations to whom it owes money) before the company goes to a BANKRUPTCY COURT. Prepackaged arrangements are used so that creditors can be paid, or so that the company can continue in another form, more quicklyThe company can seek bankruptcy court approval for a prepackaged reorganization plan if it receives approval from at least half of the bondholders.