Defined excluded liabilities

{
  "id": "MLC-T-ENV-007516",
  "term": "Defined excluded liabilities",
  "field": "Environment",
  "term_source": "Defined Excluded Liabilities",
  "definition": "A risk allocation tool used in property transactions that identifies and allocates between seller and buyer particular risks associated with the business and some or all of the assets and liabilities and specifies whether they are included in or excluded from the risks allocated in the transaction.",
  "subject": "Land, waste and cleanup",
  "references": [
    "Environmental Insurance and Risk Management Tools Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/defined-excluded-liabilities/"
}