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Meaning of “due diligence” in the English Dictionary

"due diligence" in British English

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due diligencenoun [U]

uk   /ˌdjuː ˈdɪl.ɪ.dʒəns/  us   /ˌduː ˈdɪl.ə.dʒəns/
action that is ​consideredreasonable for ​people to be ​expected to take in ​order to ​keep themselves or ​others and ​theirpropertysafe: People have to ​exerciseduediligence and ​watch what's being ​bought on ​theircreditcards.
specialized business, finance & economics the ​detailedexamination of a ​company and ​itsfinancialrecords, done before ​becominginvolved in a ​businessarrangement with it
(Definition of due diligence from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"due diligence" in Business English

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due diligencenoun [U]

uk   us   LAW
the ​action that is considered ​reasonable for ​people to take in ​order to ​keep themselves or others and their ​propertysafe: exercise/demonstrate due diligence People have to ​exerciseduediligence and watch what's being ​bought on their ​creditcards.
ACCOUNTING the detailed ​examination of a ​company and its ​financialrecords, done before becoming involved in a ​businessarrangement with it, such as ​buying it or ​selling its ​shares to ​investors: The ​buyout group's ​duediligence is expected to ​run till late March.carry out/conduct/perform due diligence We had the ​opportunity to do ​duediligence on the ​books and we ​think $518 is a ​fairoffer. duediligenceexercise/​investigation/​process duediligencereport/​review/​assessment
TRANSPORT the ​duty that the ​owner of a ​ship has to ​protect the ​people and ​goods on the ​ship from ​harm: The ​owner must ​exerciseduediligence to ​provide a seaworthy ​ship at the commencement of the voyage.
(Definition of due diligence from the Cambridge Business English Dictionary © Cambridge University Press)
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“due diligence” in Business English

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