Site Assessment

Remediation
Remediation refers to the process of cleaning up environmentally contaminated sites to mitigate or eliminate pollution and restore environmental quality.
Site Assessment (Environmental)
An evaluation of a site, prior to acquisition of title to the property, for the existence of hazardous waste. This assessment is crucial under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA), as amended by the Superfund Amendments and Reauthorization Act of 1986 (SARA).

Accounting Terms Lexicon

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