IPA: //priˈoʊnd//
KK: /priˈoʊnd/
Something that has been owned or used by someone else before being sold again.
I bought a preowned laptop to save money.
Preowned → It is formed from "pre-" (meaning before) and "owned" (from Old English "ānan", meaning to possess). The word "preowned" refers to something that was owned before, indicating prior possession.
Think of something that was 'owned before' — 'pre-' means before, and 'owned' means possessed.