I. (ˈ)prē+ transitive verb
Etymology: pre- + cancel
1. : to cancel (an adhesive or imprinted postage stamp) in advance of use usually with printed horizontal bars and the name of the city or city and state of the user for use by special permit on certain classes of mail sent in large quantities
2. : to precancel the imprinted stamp on (a stamped envelope or postcard)
• pre·cancellation (|)prē+ noun
II. noun
: a precanceled stamp