What does it mean to do diligence?
The dictionary definition says that due diligence means “the care that a reasonable person exercises to avoid harm to other persons or their property.” In plain English,due diligence means doing your homework. Before putting your business funds to work on anything, you should make yourself an expert.
What is diligence in simple words?
(Entry 1 of 2) 1a : steady, earnest, and energetic effort : devoted and painstaking work and application to accomplish an undertaking : assiduity showed great diligence in tracking down the story He had earned universal respect for his integrity, fairness, and diligence.—
What is another word for due diligence?
In this page you can discover 42 synonyms, antonyms, idiomatic expressions, and related words for diligence, like: assiduity, attention, pertinacity, perseverance, industriousness, sedulousness, industry, indifference, persistent exertion, carelessness and inactivity.
What is an example of diligence?
The definition of diligent is hard working and done with painstaking effort. An example of diligent is a worker who always stays late to get projects done on deadline. An example of diligent is the artist who paints each strand of hair on a portrait. Done with careful, steady effort; painstaking.
Does diligence have period?
Due diligence period usually refers to the time after signing a contract that the buyer has to inspect the property and make a decision whether they want to buy the property or lease the property or otherwise go forward with the transaction.
What is after due diligence?
Once the due diligence period ends, the buyer cannot back out of the contract (except under a different, applicable contingency – financing or appraisal, for instance). If they back out prior to closing and no other contingency gets them out of the contract, they lose their earnest money.
What is diligence in Christianity?
In Christianity, diligence is the effort to do one’s part while keeping faith and reliance in God. We want each of you to show this same diligence to the very end, in order to make your hope sure. We do not want you to become lazy, but to imitate those who through faith and patience inherit what has been promised.
What are the steps in due diligence?
Due Diligence in 10 Easy Steps
- Step 1: Company Capitalization.
- Step 2: Revenue, Margin Trends.
- Step 3: Competitors & Industries.
- Step 4: Valuation Multiples.
- Step 5: Management and Ownership.
- Step 6: Balance Sheet Exam.
- Step 7: Stock Price History.
- Step 8: Stock Options & Dilution.
What are examples of diligence?
What is the proper usage of the phrase “due diligence”?
Due diligence is also used to mean taking the necessary precautions to avoid the commission of an offense. The phrase due diligence is a combination of the words due, derived from the Latin word debere which means to owe, and diligence, derived from the Latin word diligentia, which means carefulness or attentiveness.
What does the Bible say about dilligence?
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:
How is the word ‘diligence’ used in a sentence?
Care and diligence bring luck.
What are the benefits of diligence?
Knowledge about the integrity and compliance risks of a third party.