Dictionary of Business Terms: Environmental Impact Statement (EIS)
Environmental Impact Statement (EIS)
analysis of the expected effects of a development or action on the surrounding natural and fabricated environment. Such statements are required for many federally supported developments under the National Environmental Policy Act of 1969.
Dictionary of Real Estate Terms: Environmental Impact Statement (EIS)
Environmental Impact Statement (EIS)
an analysis of the expected effects of a development or action on the surrounding natural and fabricated environment. Such statements are required for many federally supported developments under the National Environmental Policy Act of 1969.
Example: Abel seeks to develop a large subdivision and obtain FHA-insured financing for lot purchasers. Abel must prepare an environmental impact statement detailing the effects the development will have on the natural and fabricated environment.
