orphan share

{
  "id": "MLC-T-ENV-019860",
  "term": "orphan share",
  "field": "Environment",
  "definition": "The financial responsibility assigned to a potentially responsible party (PRP) who is insolvent or defunct and unaffiliated with other viable liable PRPs. Orphan share compensation provides a major incentive for responsible parties to perform cleanups and settle claims quickly without litigation, and reduces transaction costs by wholly or partly resolving the question of who should bear the burden of orphan shares.",
  "subject": "Health and safety",
  "references": [
    "Superfund Reforms Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/orphan-share/"
}