look up any word, like cleveland steamer:
 
1.
In computer gaming, being pre-owned is being given the fact that no matter what, yo' ass is gonna get sacked.
Dude, I pre-own you in cs, don't even try
by Sam A.M. October 17, 2003
 
2.
a euphemism for those who do not like the term 'second-hand'.
He has a pre-owned car. He has just bought it from his friend.
by uttam maharjan February 27, 2010
 
3.
A device that is unlocked or hacked in some way before you buy it, so you don't have to buy it yourself. Typically applied to jailbroken or carrier-unlocked phones and gaming consoles with customized firmware or modchips that allows them to run backed up or pirated games. Selling preowned devices is illegal in some countries.
Preowned iPhones for $299, use with any SIM card you like.
Brand new PSPs for sale, preowned, custom firmware 4.0 M33-2.
by TweenkPL August 25, 2009
 
4.
When you pwn someone, but you wanna be cool about it =P
i just preowned that treetard!
by Stevie Gonzalez August 17, 2005