The expression to run the traps means “to perform due diligence” or “solicit a wide variety of opinions” or “investigate every angle thoroughly.” This metaphor derives from the literal sense of running the traps, which refers to hunting and fishing...
Naomi, a Missoula, Montana, mom who’s writing a magazine essay, wants to know if due diligence is the appropriate term to denote the daily, household chores that her son’s new stepdad has taken on. The verdict: it’s a legal term...
capital call n.— «“Right now, it’s still status quo, with the Linas controlling the majority (shares) of Burger King and Romero, who will infuse fresh capital into the company for a projected expansion, conducting due diligence,”...
bring-down n.— «At the same time the advanced due-diligence process, known as “bring-down,” being undertaken by B&B’s advisers had started to turn up some disturbing figures in the mortgage book.» —“B&B had to pass the...
