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due diligence noun

  /d͡ʒuː ˌdɪl.ɪ.d͡ʒəns/ , /ˈdjuː ˌdɪl.ɪ.d͡ʒəns/ , /ˈdu ˌdɪl.ɪ.d͡ʒəns/ , /ˈd͡ʒʉː ˌdɪl.ɪ.d͡ʒəns/
  • (legal) A process during which a potential party to a contract evaluates the assets and liabilities of one or more other potential parties, to assess whether it should enter into the contract.
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