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Due diligence

05.07.2013 19:55

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Due diligence

1) Term meaning that every possible care was given to ensure that something was right (RHA has pressed government to insert a ‘due diligence’ defence clause in legislation relating to vehicle weight offences/ overloading, etc).

Also used to describe the process by which a detailed examination is carried out of the financial status of a firm prior to takeover or merger.

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.73 (288 p.)


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