WorldAugust 10, 2026
summoned
SUM-uhnd
Definition
To officially order someone to appear in a court of law or before an authoritative body.
Etymology
Derived from the Old French 'somondre' and ultimately from the Latin 'summonere', meaning to remind or give notice. It reflects the concept of calling someone forward to fulfill a duty or answer a charge.
In the news
In the context of financial regulation, firms are summoned to explain compliance failures to a regulatory authority like the RBI. It signifies the formal legal escalation of a compliance issue.
RBI Slaps ₹12 Lakh Penalty on 3 NBFCs for Compliance Lapses
Read the full article ↗moneylife.in