Due diligence is the process of thoroughly investigating all the financial, technical, and other details behind a transaction, product, or potential investment. This is done to make sure that all the facts are correct and the deal is fair to all parties involved.

When you buy a car, for example, you may call a mechanic to check the engine, the suspension and all the other details to make sure the car is road-worthy and worth the money you are about to spend. That’s due diligence.

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