Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Environmental Indemnity
ABA
Updated 10-31-2026
Environmental Indemnity
an agreement under which a borrower (and often a guarantor) contracts to indemnify, defend and hold another person (typically the lender) harmless from any liability arising out of existing of potential environmental violations (such as contamination from a release of prohibited substances like petroleum) related to the property which is the security for a loan.
American Bar Association Glossary of Real Estate Terms
ABA · p. 3
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