superfund

superfund definition - business

superfund

A federal trust account established by law in 1980 and used by the Environmental Protection Agency to respond to chemical emergencies and to clean up and control hazardous waste sites. Legislation establishing the superfund authorizes prosecution of those responsible for the release of hazardous waste.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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