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TeachMeFinance.com - explain Mitigation bank, wetlands Mitigation bank, wetlands The term 'Mitigation bank, wetlands ' as it applies to the area of agriculture can be defined as ' A bank is created when wetlands at a site are restored, enhanced or created in advance of destruction of similar wetlands in nearby locations. The bank then sells 'credits' in the bank to permit applicants under Section 404 who are required, as a permit condition, to offset the negative impacts their project will have on wetlands. Banks may be established by public entities or private enterprise. The FAIR Act of 1996 has a provision allowing USDA to establish a pilot banking program'. Previous 5 Terms: MISG Misoscale mist mitigate Mitigation (measures) Next 5 Terms: Mitigation Division Mitochondrial DNA mitogenic Mitosis mitrate About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.