due-diligence

Vocabulary Word

Definition

'Due diligence' is the careful research or examination you perform before a major decision or action - like a detective solving a case. It helps to prevent risks and make sure everything is alright.

Examples in Different Contexts

In the creative industry, 'due diligence' can refer to verifying the authenticity of artwork. An art dealer might state, 'Due diligence is essential to ensure the originality of the pieces we acquire.'

Practice Scenarios

Tech

Scenario:

The new software tool has promising features, but we need to examine its reliability and security before full adoption.

Response:

Sounds logical, let’s conduct some due diligence to assess the software's potential security pitfalls and glitches.

Academics

Scenario:

We have a comprehensive research material, but we need to establish the credibility of our sources for making persuasive arguments.

Response:

Indeed, it's critical that we conduct due diligence on every source cited in our research to ascertain its credibility.