due diligence
nounUK /ˈdjuː ˌdɪl.ɪ.d͡ʒəns/ · US /ˈdu ˌdɪl.ɪ.d͡ʒəns/
1
Appropriate, required, reasonable care or carefulness.
- Consumers are required to use their credit cards with due diligence, which includes making sure that strangers cannot find or see their PIN.
- You are required to exercise due diligence by immediately reporting unauthorized withdrawals from your account and unauthorized use of your credit card.
2
Law A process during which a potential party to a contract evaluates the assets and liabilities of one or more other potential parties, to assess whether it should enter into the contract.
- Related terms
- duty of care