👉 Predelegation is a concept in accounting that refers to the process of delegating some or all of a company's assets, liabilities, and obligations to another entity. This means that the original owner of those assets may be responsible for paying back the original owner for any losses incurred as a result of the predelegation. For example, if a company had a loan outstanding on its balance sheet, and it was decided that it would prefer to have the entire loan forgiven rather than pay off the loan
