Terms Used In Arizona Laws > Title 20 > Chapter 12 - Joint Underwriting Association

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• department: means the department of insurance and financial institutions. See Arizona Laws 20-101
• Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. ^{Source: OCC}
• Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. ^{Source: FDIC}
• Lessee: means a person contracting with a lessor for the use of a safe deposit repository. See Arizona Laws 6-1001
• Lessor: means a corporation or association authorized under the laws of this state, any other state or the United States to do business as a bank, trust company, credit union or savings and loan association and maintaining safe deposit repositories for public use. See Arizona Laws 6-1001
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Minor: means a person under eighteen years of age. See Arizona Laws 1-215
• repository: means a safe deposit box or any other safe deposit receptacle and includes the lessor's vault space made available for use by the lessee in common with others for the storage of property or documents. See Arizona Laws 6-1001