Due Dilligence
The process of investigating the condition and legal status of assets.
The act of carefully checking, reviewing, and verifying all facts and important aspects of a
deal before proceeding. In lending, this includes
verification of employment, income and savings; obtaining a credit report; review of the appraisal;
and status of the title.
Example:
The process through which a potential acquirer evaluates a target company or its assets for acquisition
