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4.
Y'all know what prefunking is. Pre bating is the same thing, but masturbating before an event or function

Think: There's Something About Mary
I better pre-bate the date I have tonight, otherwise I'll nut waaay too soon
by E-funky December 24, 2005
3 3
 
1.
Prebate. The act of touching ones genitals prior to masturbating.
"I prebated so much last night that when I started I came in 4 seconds flat!"
by Binglingabo January 21, 2013
1 0
 
2.
(v) to prebate - the act of celebrating an occasion before it actually occurs. Shorthand for pre-celebration.
Buddy 1: Happy birthday my dude!
Buddy 2: My birthday isn't until next week.
Buddy 1: Then why are we here?
Buddy 2: It's a prebation bitches!

Guy: Thanks for coming to my prebation. I want to prebate all over the place with everyone here! I'm prebating everywhere right now!
by doprahsinfree January 09, 2012
2 1
 
3.
Rebate paid in advance of payment for a product
The website thinkOOB.com proposes a gasoline tax offset by a $1000/person prebate, to be paid before the tax takes effect
by OOBonomics August 12, 2009
1 0