ECONOMICS

Detailed explanation-1: -Due diligence is a process of verification, investigation, or audit of a potential deal or investment opportunity to confirm all relevant facts and financial information and to verify anything else that was brought up during an M&A deal or investment process.

Detailed explanation-2: -A definition of due diligence: The exercise of reasonable care in the course of business. According to Cambridge Dictionary, Due diligence meaning is: “The detailed examination of a company and its financial records, done before becoming involved in a business arrangement with it.”

Detailed explanation-3: -What is Due Diligence Check? A due diligence check is a thorough investigation to identify, evaluate and verify all available information on an individual or entity. Such checks are especially important when you’re hiring or considering a prospective business partnership or new commercial relationship.