What is another word for "due diligence"? (2024)

FAQs

What is another word for "due diligence"? ›

Due Diligence Synonyms

called also reasonable diligence. Note: Due diligence is used most often in connection with the performance of a professional or fiduciary duty, or with regard to proceeding with a court action. Due care is used more often in connection with general tort actions.

Due diligence is a relatively common term. Used in business, it broadly refers to the process of investigating and verifying information about a company or investment opportunity. Specifically for compliance teams, it comes up when you consider relationships with new vendors and third parties.

Due diligence is the investigation or exercise of care that a reasonable business or person is normally expected to take before entering into an agreement or contract with another party or an act with a certain standard of care.

Definition for diligent. adjective as in persevering, hard-working. Synonyms Antonyms. Strongest matches. active, assiduous, attentive, careful, conscientious, eager, earnest, indefatigable, industrious, painstaking, persistent, studious, tireless.

Some common synonyms of diligent are assiduous, busy, industrious, and sedulous.

Due diligence usually refers to an obligation to exercise judgement and care when investigating and evaluating evidence and documentation prior to making decisions binding a company.

Before due diligence expires, you can still walk away. It's what's also called a Free Look Period.

What are the three types of due diligence? ›

Diligence means "the attention or care required," and due is used in this phrase as an adjective meaning "appropriate, expected, or necessary." So when you perform due diligence, you give some project the kind of care and attention that it needs.

To effectively demonstrate Due Diligence, you must take all reasonable precautions in the circ*mstances to carry out your work and your health & safety responsibilities. This is the standard of care to comply. Effective supervision and a common goal of safety planning and compliance are key elements of due diligence.

Due Diligence Synonyms

Analysis, assessment, audit, examination, review, survey, verification, investigation.

In simple words, Due Diligence means doing your homework and acquisitions of required knowledge before entering into any agreement or contract with another company.

Due diligence is typically used in the context of business or legal transactions. It is especially used with the verbs do and perform.

Due diligence means that all reasonable precautions were taken and all due diligence was exercised to avoid the commission of the offence. This requires the defendant to produce evidence of the system and procedures it has devised in an effort to avoid unfair practices.