Definition of due diligence in English:

due diligence

Line breaks: due dili|gence

noun

[mass noun] Law
  • 1Reasonable steps taken by a person to avoid committing a tort or offence.
    More example sentences
    • If trading is carried on, however, there is a duty to manage with due diligence in doing so.
    • He is required to perform due diligence; that is, to make inquiry and thereafter decide the outcome.
    • The question, therefore, is not one of seller liability but of due diligence on the part of the buyer.
  • 1.1A comprehensive appraisal of a business undertaken by a prospective buyer, especially to establish its assets and liabilities and evaluate its commercial potential.
    More example sentences
    • Sources anticipate a very competitive bidding war with no surprises understood to have emerged in the due diligence procedure or site visits.
    • They would have been aware of further misconduct had they exercised due diligence in their supervision.
    • The research analyst could be performing internal due diligence.

More definitions of due diligence

Definition of due diligence in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day coloratura
Pronunciation: ˌkələrəˈto͝orə
noun
elaborate ornamentation of a vocal melody