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Due diligence
The legal definition: a measure of prudence, activity or assiduity, as is properly to be expected from, and ordinarily exercised by, a reasonable and prudent person under the particular circumstances. In CMBS: due diligence is the foundation of the process because of the reliance securities investors must place on the specific expertise of the professionals involved in the transaction.
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- Part of Speech: noun
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- Industry/Domain: Real estate
- Category: General
- Company: Coldwell Banker
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