Another Word For Due diligence

Meaning

"Due diligence" refers to the process of conducting a thorough and careful investigation or assessment before making a decision or taking action, particularly in business or legal contexts. It involves gathering information, evaluating risks, and ensuring that all relevant factors have been considered to make an informed choice.

Synonyms

• Careful consideration
• Due care
• Investigation
• Analysis
• Scrutiny
• Assessment

Antonyms

• Negligence
• Carelessness
• Indifference
• Recklessness

Etymology

The term "due diligence" originates from the Latin word "diligentia," which means "careful attention" or "constant effort." The phrase gained usage in the legal and business fields, especially during the rise of corporate governance practices in the 20th century.

Examples

1. Before investing in a startup, it's crucial to perform due diligence to assess its financial health and potential risks.
2. The lawyer advised her client to conduct due diligence and review all contracts before signing the agreement.
3. Due diligence is required when looking to acquire another company to ensure that no hidden liabilities exist.