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A Subpoena Duces Tecum Is a Legal Notice Directing the Attendance

question 38

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A subpoena duces tecum is a legal notice directing the attendance of a person at a deposition or trial.


Definitions:

Contingent Liability

A potential financial obligation that may arise depending on the outcome of a future event.

Contingent Liabilities

Liabilities that may arise from past transactions if certain events occur in the future.

Interest Expense

The cost incurred by an entity for borrowed funds; interest expense is a non-operating expense shown on the income statement.

360-Day Year

A financial convention that simplifies interest calculations by assuming a year has 360 days.

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