asbestos


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asbestos

A mineral fiber once commonly used for its fire-retarding and insulation properties. It was widely employed in insulation, roofing, floor tiles, household products, and appliances. After extensive studies,the Environmental Protection Agency determined that asbestos caused lung and stomach cancer in people exposed to it over long periods of time.If real property contains asbestos in it,most lenders will require removal,or a firm commitment for removal,before they will fund any loans to buy or renovate the property. Real estate agents are required to disclose the presence of asbestos on property, if known. Asbestos removal is generally accomplished by specially trained and licensed asbestos abatement contractors.

References in periodicals archive ?
In contrast to the Service's previous conclusions, the conclusions in Letter Ruling (TAM) 9411002 are mixed: while the IRS concluded that asbestos removal costs must be capitalized, it permitted the taxpayer to currently deduct asbestos encapsulation costs as incidental repairs.
Smokers should not assume tobacco is the cause of their lung cancer if they have been exposed to asbestos dust within the past 10 to 50 years.
Around 500,000 non-domestic buildings still contain some form of asbestos and although it is unlikely to present a risk to the general public if it remains undamaged, tradesmen and the general public are potentially at risk if they disturb it through the course of their work.
A second asbestos factory is believed to be in the northern emirates.
Around 4,000 deaths every year in the UK are attributed to asbestos and the Health and Safety Executive expects 90,000 people to die in an asbestos-related disease epidemic by 2050.
Total number of pupils in schools that contain asbestos: 7,876 Rhondda Cynon Taf: Out of 146 schools, 132 contain asbestos.
Geologists examined the new material and categorized asbestos into three types: chrysotile, crocidolite, and amosite--each displaying different beneficial properties.
Some 40% wrongly thought that most asbestos had been removed from the nation's buildings.
Today, there are only two companies (three producing mines) in the Quebec towns of Thetford and Asbestos still mining chrysotile asbestos in Canada.
Former miners younger than 65 showed no increased risk, which suggests that prolonged exposure to asbestos increases the chance of illness, Noonan says.
With 15 bills tried and failed since the inception of asbestos litigation in the 1970s, the latest federal initiative is the Fairness in Asbestos Injury Resolution Act, which would establish a $140 billion asbestos compensation trust fund and was approved by the Senate Judiciary Committee in May.