Terms Used In Arizona Laws > Title 23 > Chapter 5 - Employers' Liability Law

• Contract: A legal written agreement that becomes binding when signed.
• Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
• Department: means the department of insurance and financial institutions. See Arizona Laws 6-101
• Dependent: A person dependent for support upon another.
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Reverse mortgage: means a nonrecourse consumer credit obligation to which all of the following apply:

  (a) A mortgage, deed of trust or equivalent consensual security interest securing one or more advances is created in the borrower's principal dwelling. See Arizona Laws 6-1701