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What Does EDD Mean?EDD means "Enhanced Due Diligence" and "Estimated Delivery Date." Here is more information about each of these definitions of EDD.
Enhanced Due DiligenceIn the context of banking and finance, EDD stands for "Enhanced Due Diligence." EDD is a type of "Customer Due Diligence" (CDD), involving a more comprehensive set of procedures conducted to better understand a customer who has been determined to be higher risk, typically because they are politically exposed persons (PEPs), have high net worth, or are involved in certain types of businesses like cash-intensive businesses, companies in high-risk countries, etc.
EDD involves a deeper level of investigation into a customer's activities and background. This might include more detailed reviews of their transactions, source of wealth, business relationships, and so on. The goal of EDD is to ensure that the financial institution understands the risks associated with this customer and can manage those risks appropriately.
EDD is part of a risk-based approach to combating money laundering (AML) and terrorist financing (CFT). Institutions are expected to apply more resources where the risks are higher, and less where the risks are lower.
Estimated Delivery DateIn the context of logistics, shipping, or online retail, EDD stands for "Estimated Delivery Date." An EDD is the date when the carrier or seller expects that a shipment will be delivered to the recipient.
The EDD can depend on a variety of factors including the shipping method, the distance between the sender and the recipient, and any potential delays in the shipping process. An EDD is an estimate. Actual delivery may occur before or after this date.
Image for EDDWhen I write EDD, I mean this: "Estimated Delivery Date"
Summary of Key Points"Estimated Delivery Date" is the most common definition for EDD on Snapchat, WhatsApp, Facebook, Twitter, Instagram, and TikTok.
|Definition:||Estimated Delivery Date|
4: Difficult to guess
Adults and Teenagers
An Academic Look at EDDWhether used with the meaning "Enhanced Due Diligence" or "Estimated Delivery Date," EDD is classified as an initialism abbreviation, as it is pronounced one letter at a time.
Other examples of initialisms are:
Example of EDD Used in a Text
"Cyber Speak" TestYou now know what EDD means, but are you good at Cyber Speak? Well, let's see!
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