due diligence
noun /ˌdjuː ˈdɪlɪdʒəns/
/ˌduː ˈdɪlɪdʒəns/
[uncountable]- (law) reasonable steps taken by a person or an organization to avoid committing a tort or an offence
- The company had taken all reasonable precautions and exercised due diligence to avoid the offence.
- (business) a careful investigation of the state of a business by a person or organization that is thinking of buying it or investing in it
- Investors are encouraged to perform their own due diligence on a company prior to investment.