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11:44 Oct 20, 2007
English to Hebrew translations [PRO] Bus/Financial - Accounting / fees
English term or phrase:diligence fee
In an agreement for a service of obtaining an accepted loan:
"A DUE DILIGENCE fee equal to __% of the ___% is due prior to commencement of work by the XXX in procuring the loan for $_________________. Once the loan is accepted the DUE DILIGENCE will be returned."
Explanation: "Due diligence is a term used for a number of concepts involving either the performance of an investigation of a business or person, or the performance of an act with a certain standard of care
גילוי נאות - מונח משפטי המתייחס לחובה המוטלת במקרים מסוימים על אדם או על ארגון
לגלות עובדות מהותיות אשר יש בהן כדי להשפיע על תוצאה של פעולה הנוגעת לצד שלישיWikipedia.
Explanation: I believe the fee is not for taking due diligence, which is a practice you adhere to whenever you do this sort of thing.
It is for the diligence itself, i.e. the efforts you made - and is simply another form of service charge. See refs. below.
Evergreen, which became an IDA member at the end of January, was paid a $30,000 diligence fee. (The fee is specified in the prospectus.) Also known as a work fee, the diligence fee covers the time and costs incurred by Evergreen in structuring and develop