Environmental Liability

{
  "id": "MLC-T-ENV-009769",
  "term": "Environmental Liability",
  "field": "Environment",
  "definition": "An umbrella term used to refer to different types of environmental costs including costs for remediating existing contamination, costs of complying with new regulations, future environmental costs of current operations (also known as back-end or exit costs), and/or contingent costs.",
  "references": [
    "EPA An Introduction to Environmental Accounting As a Business Management Tool: Key Concepts and Terms at http://nepis.epa.gov/Exe"
  ],
  "url": "https://mlchart.com/terminology/environment/environmental-liability/"
}