A dual use item is a commodity (including software, chemicals and technologies) that has both commercial and military or proliferation applications. This term is most often used in the context of the Commerce Control List (CCL) found in Supplement 1 to Part 774 of the Export Administration Regulations (15 C.F.R. Part 744, Supp. No. 1).
Due refers to a definite obligation such as a debt or a claim of right, that is owed or payable.
Due and owing means that a definite obligation such as a debt or a claim of right is owed or payable. It is often used in legal instruments and is synonymous with
Due care, also referred to as ordinary care and reasonable care, is the standard of care where a reasonable person would exercise in the same situation or under similar circumstances. This standard of care is used in a tort action to determine whether a person was
Due diligence is the level of reasonable care or attention expected to avoid liability, especially in legal and financial matters.
The due diligence defense is a defense against claims of securities fraud under Section 11 of the Securities Act.
See due process.
[Last reviewed in November of 2021 by the Wex Definitions Team]
Due, owing, and unpaid means an obligation, such as a debt, claim of right, etc., is yet to be paid. It is often used in legal instruments and is synonymous with due.
A due-on-sale clause is a provision in a mortgage or other loan agreement that allows lenders to require borrowers to repay the remaining balance of their loan in full if the house or asset is resold to transferred. These provisions can be triggered either by an entire sale or partial sale of the debtee’s interest in the asset.
DUI stands for driving under the influence (also called driving while intoxicated DWI), which is the criminal offense of driving after ingesting alcohol or a controlled substance.
