Derek Moran
DUE DILIGENCE: 1. The diligence reasonably expected from, and ordinarily exercised by, a person who seeks to satisfy a legal requirement or to discharge an obligation. Also termed reasonable diligence; common diligence. 2. Corporations & securities. A prospective buyer's or broker's investigation and analysis of a target company, a piece of property, or a newly issued security. - A failure to exercise due diligence may sometimes result in liability, as when a broker recommends a security without first investigating it adequately. Black's 9th
Printed copy · Anthology Volume 6, page 383
