Arizona Laws > Title 44 > Chapter 16 – Restrictions On Deficiency Judgments in Consumer Credit Sales
Terms Used In Arizona Laws > Title 44 > Chapter 16
- Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Process: means a citation, writ or summons issued in the course of judicial proceedings. See Arizona Laws 1-215