The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) is a federal law designed to clean up sites contaminated with hazardous substances and to impose liability for cleanup on responsible parties.
The term 'Fleet Factors' refers to a landmark 1990 court decision in the United States regarding a lender's potential exposure to liability for environmental cleanup if the lender acquires the property by foreclosure.
Remediation refers to the process of cleaning up environmentally contaminated sites to mitigate or eliminate pollution and restore environmental quality.
A Superfund is an account established by the federal government dedicated to cleaning up areas polluted with hazardous waste when no other source of payment is available.
