What's the meaning of "due diligence"?

Answer 1

In investment, due diligence means:

1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to a sale.

2. Generally, due diligence refers to the care a reasonable person should take before entering into an agreement or a transaction with another party.

Investopedia Says:
1. Offers to purchase an asset are usually dependent on the results of due diligence analysis. This includes reviewing all financial records plus anything else deemed material to the sale. Sellers could also perform a due diligence analysis on the buyer. Items that may be considered are the buyer's ability to purchase, as well as other items that would affect the purchased entity or the seller after the sale has been completed.

2. Due diligence is essentially a way of preventing unnecessary harm to either party involved in a transaction.

There are other definitions of Due D. Click on the link if you want to read more.

Answer 2

Diligence Meaning

Answer 3

Due Diligence Definition

Answer 4

Doing your due diligence usually means doing all the research to make an educated decision about something.

Answer 5

I did real estate due diligence.

I checked all physical aspects of a property; reviewed public records, and owner documents.

Some people check environmental aspects of a property; review public records, and owner documents.