Potentially Responsible Parties (PRP)

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Barron's Real Estate Dictionary:

Potentially Responsible Parties (PRP)

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Referring to a Superfund site, all owners, operators, transporters, and disposers of hazardous waste are potentially responsible parties.
See CERCLA, SARA, SUPERFUND .


Example: After an investigation, the epa placed a certain site on its Superfund list. They looked at all paperwork related to historical ownership and use of the site, including material transporters, waste treaters, and disposers. The EPA prepared a list of potentially responsible parties and sent each a registered letter to inform them of their potential liability for cleanup.

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