due diligence
"Due diligence" is essential in business, finance, and law to verify information and assess risks before making decisions.
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Definition
C1Business
(formal, technical)A thorough investigation conducted before entering into an agreement to ensure all relevant facts and risks are considered.
Example
- The company performed due diligence before acquiring the new startup.
C1Law
(formal, technical)A process of evaluating assets and liabilities to determine whether to proceed with a contract.
Example
- Due diligence was necessary to assess the legal risks involved in the merger.
C1Finance
(formal, technical)A comprehensive appraisal of a business or asset to evaluate its financial potential and identify any risks.
Example
- Investors conducted due diligence to evaluate the company's financial health before investing.
Similar
Terms that have similar or relatively close meanings to "due diligence":