diligence
The quality of working carefully and for a long time without giving up.
Careful and persistent effort in doing work or carrying out a task, showing attention, thoroughness, and steady hard work over time.
The careful work and checks that the law or rules say a person or company must do.
The level of care, attention, and thoroughness that the law, a contract, or professional standards require someone to show, especially in checking information or managing risks.
- Base: diligence
- Plural: diligence, diligences
conduct due diligence
1carry out detailed checks
To perform a careful and detailed check of information before a big legal or business action, such as a merger or large purchase.
- They hired an external firm to conduct due diligence on the target company.
- Banks must conduct due diligence on new clients to prevent money laundering.
- Our team is conducting due diligence on several potential suppliers.
do your due diligence
1check carefully before deciding
To carefully check information and risks before you make an important choice, especially in business, finance, or big personal decisions.
- You should always do your due diligence before investing in any new fund.
- The article reminds readers to do their due diligence when choosing a childcare provider.
- He didn’t do his due diligence and later discovered serious problems with the house.
due diligence
1careful checks before a decision
Careful study and checks that a person or company does before making an important legal or business decision, such as buying another company or signing a big contract.
- Before buying the startup, the investors did months of due diligence.
- Good due diligence would have revealed the company’s hidden debts.
- Our lawyer is still completing due diligence on the property documents.
due diligence
8careful pre-deal investigation
Due diligence is the research and checking you do before an important deal or decision.
- The buyer is conducting due diligence on the property.
- We need to do due diligence before we sign the contract.
- The merger is still in the due diligence stage.
- Our team did due diligence on the new supplier.
exercise due diligence
1use the required level of care
To act with the careful checks and attention that the law or professional rules say you must show.
- The company argued that it had exercised due diligence in protecting customer data.
- Employers are required to exercise due diligence to keep the workplace safe.
- If you exercise due diligence, you can reduce the risk of legal claims.