From Longman Business Dictionarydiligencedil‧i‧gence /ˈdɪlədʒəns/ noun [uncountable]1care that someone in a position of responsibility takes with their workAll directors must act honestly and use reasonable diligence and skill in the discharge of their duties.2INSURANCEthe duty that the owners of a ship have to do everything they can to make sure that the ship and the people and goods on it are safe