Potentially Responsible Party (PRP): Any individual or company that is potentially responsible for or has contributed to a spill or other contamination at a Superfund site. Whenever possible, EPA requires PRPs to clean up sites they have contaminated.

 

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Potentially Responsible Party (PRP): Any individual or company that is potentially responsible for or has contributed to a spill or other contamination at a Superfund site. Whenever possible, EPA requires PRPs to clean up sites . . . View Full Definition

Pesticide Recordkeeping Program (PRP): Authorized by the FACT Act of 1990, the program requires that private pesticide applicators keep records of the pesticides they use in agricultural production and that the records be surveye . . . View Full Definition

Socially Responsible Fund: When socially responsible mutual funds, also known as green funds or conscience funds, select securities to meet their investment goals, the securities must also satisfy the fund's commitmen . . . View Full Definition

Third Party Administrator (TPA): A company that provides administrative services to MCOs or self-funded health plans.

Third-Party Sexual Harassment: Harassment of an employee by someone other than another employee, such as a client, customer, vendor or service provider.

Third Party Originator: Third-party originators prepare loan applications for borrowers and submit the applications to lenders.

Party Wall Easement: A party wall can be an exterior wall on a building that straddles the boundary line between two lots, or it can be a commonly shared partition wall between two connected properties. Each lot . . . View Full Definition

Party Wall: A wall that is located on or at a boundary line between two adjoining parcels of land and is used or is intended to be used by the owners of both properties.

Counterparty: In any financial contract, the persons or institutions entering the contract on the opposite sides of the transaction are called the counterparties. For example, if you sign a contract to se . . . View Full Definition

Captains Cocktail Party: Usually, the second night into a cruise, the captain will 'host' a shipboard cocktail party. All guests are invited (there may be several of these parties, each lasting approximately one hou . . . View Full Definition