Due Diligence: Refers to the task of carefully confirming all critical assumptions and facts presented by a borrower. This includes verifying sources of income, accuracy of financial statements, value of assets that will serve as collateral, the tax status of the borrower and any other material facts presented by the borrower.

 

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Due Diligence: Refers to the task of carefully confirming all critical assumptions and facts presented by a borrower. This includes verifying sources of income, accuracy of financial statements, value of a . . . View Full Definition

Due Diligence Meeting: An internal audit of a target frim by an acquiring firm. Offers are often made contingent upon resolution of the due diligence process.

Duet: A piece of music written for two vocalists or instrumentalists.

Due-On-Sale-Clause: A form of acceleration clause found in some mortgages, especially savings and loan mortgages, requiring the mortgagor to pay off the mortgage debt when the property is sold, resulting in aut . . . View Full Definition