TeachMeFinance.com - explain Significant hazard
Significant hazard The term 'Significant hazard' as it applies to the area of reclamation can be defined as ' A downstream hazard classification for dams in which 1-6 lives are in jeopardy and appreciable economic loss (rural area with notable agriculture, industry, or worksites, or outstanding natural resources) would occur as a result of failure of the dam. This classification also applies to structures other than dams'.
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