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Due diligence can be a legal obligation, but the term more commonly applies to voluntary investigations. It may also offer a defence against legal action. A common example of due diligence is the process through which a potential acquirer evaluates a target company or its assets in advance of a merger or acquisition. [1]
The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate. (November 2022) (Learn how and when to remove this message)
This can be costly and time-consuming to both parties. Since due diligence can be a detective game, organizations must find individuals who can detect small issues and opportunities. Organizations sometimes bring in outside experts. [14] The expense of the due diligence process, and the time involved, can be softened by dividing it into two stages.
For example, a multimillion-dollar loan for a commercial property may require a letter of intent before a financial institution will allow personnel to spend time working on said loan necessary for the completion of the sale. The same may be followed at the time of purchase by any company.
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Many loanwords are of Persian origin; see List of English words of Persian origin, with some of the latter being in turn of Arabic or Turkic origin. In some cases words have entered the English language by multiple routes - occasionally ending up with different meanings, spellings, or pronunciations, just as with words with European etymologies.
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One approach to doing so was by calque from the original (often German or Yiddish) surname. For instance, Imi Lichtenfield (itself a half-calque [definition needed]), founder of the martial art Krav Maga, became Imi Sde-Or. Both last names mean "light field". For more examples and other approaches, see the article on Hebraization of surnames.