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English definition of “due diligence”

due diligence

noun [U]    
action that is considered reasonable for people to be expected to take in order to keep themselves or others and their property safe : People have to exercise due diligence and watch what's being bought on their credit cards . specialized business, finance & economics the detailed examination of a company and its financial records , done before becoming involved in a business arrangement with it
(Definition of due diligence noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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