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Due diligence is a term that’s been around since the mid-fifteenth century. At first, it meant “requisite effort” but subsequently it came to signify “reasonable care and attention. ” Nowadays, it’s thought about synonymous with ordinary care. Due diligence means doing in depth homework and studying financial trades before committing to them. In today’s fast-paced environment, speed is very important. But buyers also want to carry out thorough due diligence.