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Virtual data room
A place where a company's records and other due diligence materials are placed for inspection by prospective buyers. Data rooms can be a physical location.Alternatively, companies may scan those documents into a website, called a "virtual data room" to permit inspection from a distance through secure internet connections.
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- Part of Speech: noun
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- Blossary:
- Industry/Domain: Banking
- Category: Mergers & acquisitions
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