This is the 1922nd most frequent Spanish word.
preparado
Prepared; ready.
In this sentence, 'preparado' is used as an adjective to describe the state of readiness of the speaker.
Estoy preparado para el examen de matemáticas.
I am prepared for the math exam.
Here, 'preparado' is used as a past participle in a passive construction to indicate the action of preparation done to the program.
El programa fue cuidadosamente preparado por los organizadores.
The program was carefully prepared by the organizers.
In this sentence, 'preparado' functions as part of a verb phrase, indicating the action of preparing something.