due-diligence defense
C2CEFR level
85/100Rarity: very rare
TechnicalRegister
An underwriter's or director's defense to statutory liability based on a reasonable investigation supporting belief in the registration statement's accuracy.
Document the diligence calls, because the due-diligence defense lives or dies on what the record shows you actually checked.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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