In Mumford's red book, prevariety is defined (in II.3) as follows:
If $k$ is an algebraically closed field, a prevariety over $k$ is a reduced and irreducible prescheme of finite type over $k$.
Mumford then starts mentioning variety later on and I wasn't sure what it was exactly. I can not seem to find the definition in the book. Any clarification is appreciated. Thank you.
From the book, definition 2 in chapter I section 6 in the second edition (pg 37):
The next proposition explains things a little:
In chapter II, we have the same thing happening with schemes and preschemes:
In the modern language, this is the statement that $X$ is separated. So for Mumford, a variety is a separated prevariety. You'll find some other examples of this in older literature (use of pre-variety or pre-scheme to denote a possibly nonseparated variety or scheme), but this language has been out of fashion for many, many years.