ELI5: Explain Like I'm 5

Preorder

Imagine you are going to a store to buy a toy. The store tells you that the toy is not available yet, but they will let you reserve or preorder it. This means you can pay for the toy in advance and they will hold it for you until it becomes available.

Similarly, in the online world, when you preorder a product, you are essentially reserving or prepaying for an item that is not yet available, but will be released in the future. This way, you can be sure you will get your hands on the product when it is finally released, especially if it is in high demand.

Sometimes, companies offer bonuses or exclusive items as incentives for preordering, just like how the toy store might give you a small gift for prepaying for the toy.

Overall, preordering is like making a reservation or holding your spot in line for a product that is not yet available, so you can be among the first to get it when it is released.