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
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- Grand Panjandrum
- Posts: 3333
- Joined: Wed Jan 03, 2007 12:41 pm
- Location: RUSTON, LA
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.
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