EDD

What Does EDD Mean in a Text?

The Quick Answer

EDD means "Enhanced Due Diligence" and "Estimated Delivery Date."

Enhanced Due Diligence

In 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 Date

In 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 EDD

When I write EDD, I mean this:

"Estimated Delivery Date"

Summary of Key Points

We have summarized the key points in the table below:

EDD
Definition:	Estimated Delivery Date
Type:	Abbreviation
Guessability:	4: Difficult to guess
Typical Users:	Adults and Teenagers

An Academic Look at EDD

Whether 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: