Diligence
/ˈdɪl.ɪ.dʒəns/
Definitions
- (n.) The careful and persistent effort to accomplish a task or duty.
The lawyer exercised due diligence in reviewing the contract.
- (n.) The level of care that a reasonable person exercises under the circumstances.
Investors must perform appropriate diligence before purchasing stocks.
See also
Commentary
In legal contexts, "due diligence" denotes the standard of care expected, especially in transactions and investigations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.