This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
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Due Diligence

Actions taken to investigate documents and records of a business and/or person prior to examination of a proposed action before it is undertaken, executing a contract or entering into a business transaction; to assess the health and viability of a business or entity; and/or to perform an investigation of a business, situation, activity or person to assist with effective decision- making. Steps include identification, review and analysis, reporting and post-transaction.

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