Definition of due diligence in English:

due diligence

noun

Law
  • 1[mass noun] Reasonable steps taken by a person to avoid committing a tort or offence.

    • ‘The question, therefore, is not one of seller liability but of due diligence on the part of the buyer.’
    • ‘If trading is carried on, however, there is a duty to manage with due diligence in doing so.’
    • ‘This gives the owner a chance to witness the proceedings and make sure due diligence is practiced.’
    • ‘As a result, executive succession planning has become a staple of corporate due diligence.’
    • ‘He is required to perform due diligence; that is, to make inquiry and thereafter decide the outcome.’
    1. 1.1A comprehensive appraisal of a business undertaken by a prospective buyer, especially to establish its assets and liabilities and evaluate its commercial potential.
      • ‘Despite your intensive due diligence, something's gone awry.’
      • ‘It is incumbent upon anyone who is buying or reselling artwork to undertake due diligence.’
      • ‘The investor needs experts to do the due diligence in the big financial centres.’
      • ‘A spokesman for the group said due diligence was still going according to plan.’
      • ‘In the original article, the VC made statements about the company that showed he hadn't done much due diligence.’
      • ‘With a little due diligence, you can enjoy the benefits of VoIP without compromising your business's safety.’
      • ‘Charging Palm over a million dollars for its pre-acquisition due diligence is an impressive business model.’
      • ‘One of the best ways to avoid long accounts receivable timelines is by doing due diligence on your customers up front.’
      • ‘They would have been aware of further misconduct had they exercised due diligence in their supervision.’
      • ‘Be it home-based or not, don't even think of purchasing a franchise without conducting due diligence.’
      • ‘Dardet, of course, had done his due diligence beforehand.’
      • ‘Most churches are not in a position to handle this due diligence responsibility.’
      • ‘In the U.S., CAO's block trade would have been illegal without the due diligence of a secondary stock offering.’
      • ‘Clearly, we have to go through all the results of the due diligence that you always go through.’
      • ‘Sources anticipate a very competitive bidding war with no surprises understood to have emerged in the due diligence procedure or site visits.’
      • ‘A due diligence process related to shared services agreements has begun.’
      • ‘Glazer, who owns the Tampa Bay Buccaneers American football club, wants to run due diligence on the club ahead of making an offer.’
      • ‘The research analyst could be performing internal due diligence.’
      • ‘The medical principle would be due diligence by using every possible mechanism to confirm what you are doing.’
      • ‘The due diligence for the debt pact has been completed.’