Due Diligence — meaning in English
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English meaning
- due diligence noun The careful investigation and checking a sensible person carries out before committing to something important, such as verifying facts, records and risks before a purchase or agreement.
Senses
Due Diligence is used for these senses in English:
- due diligence (legal) A process during which a potential party to a contract evaluates the assets and liabilities of one or more other potential parties, to assess whether it should enter into the contract.
due diligence — full definition
- noun The careful investigation and checking a sensible person carries out before committing to something important, such as verifying facts, records and risks before a purchase or agreement.
- noun In business and law, the formal examination of a company's finances, contracts, liabilities and operations before a takeover, investment or major deal.
- noun The standard of reasonable care a person or organisation is legally required to exercise to avoid causing harm or breaking rules.