What does due diligence mean?

Due Diligence Meaning in English. The term refers to the measure or exercise of care enacted by a prudent, rational individual or entity under given circumstances. Initial uses of the phrase date back to the mid-1500s. The meaning of due diligence here refers to “requisite effort.”.

What does the Bible say about diligence?

The Bible uses the word diligence in several ways, and it is always in a positive sense. Diligence is mentioned a couple of times in the book of Proverbs. A proverb is a short saying that expresses a general truth for practical living, and the truth about diligence is that it is good for us:

Does due diligence mean?

Due diligence is the process of investigating, reviewing, and auditing that companies and businesses perform. Usually, they do so to confirm facts relevant to a financial transaction. For example, companies may perform due diligence before acquiring another company.