prior - definition in the Business English Dictionary - Cambridge Dictionaries Online

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prior

adjective [before noun]
 
 
/praɪər/
existing or happening before something else: Operating earnings were $71 million, compared with a loss of $111 million in the prior year. Board members denied any prior knowledge of an executive compensation agreement. prior agreement/approval/consent Do not publish these figures without prior authorization from the Board. Applicants should have prior experience of the pharmaceutical sector.give/receive prior notice (of sth) According to the law, the finance ministry should have been given prior notice, which it did not get.
prior to (doing) sth before something else: It is vital that boards, management, and shareholders fully appreciate the risks and rewards prior to any merger. She was vice president of business operations for three years prior to becoming commissioner.
(Definition of prior from the Cambridge Business English Dictionary © Cambridge University Press)
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