due diligence

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bailey66
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due diligence

Postby bailey66 » Thu Dec 04, 2014 12:02 am

due dil·i·gence
nounLAW
reasonable steps taken by a person in order to satisfy a legal requirement, especially in buying or selling something.
a comprehensive appraisal of a business undertaken by a prospective buyer, especially to establish its assets and liabilities and evaluate its commercial potential.

M. EVEN AFTER ALL THE EFFORT ITS NOT ENOUGH Bailey
In repentance and rest is your salvation, in quietness and trust is your strength, Isa30:15

Perry Lassiter
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Re: due diligence

Postby Perry Lassiter » Thu Dec 04, 2014 4:25 pm

I just encounterd this term some years ago through my son, a businessman. Lately I've begun to hear it used in more areas that require research. The impllication is that due diligence is the amount of background research necessary to be sure of something.
pl


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