What is CERCLA?
The Comprehensive Environmental Response, Compensation, and Liability Act: the federal cleanup-liability law whose landowner protections a qualifying Phase I (meeting AAI) helps preserve.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.