| Lexeme: |
business record
Rare (0.02)
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| Definition: |
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noun. A business record refers to any document or piece of information that is created, received, maintained, or preserved by an organization in the course of its operations. These records may include financial statements, invoices, contracts, correspondence, meeting minutes, employment records, and any other written or electronic material that provide evidence of business activities and transactions. Business records are essential for legal, regulatory, and operational purposes, such as maintaining transparency, demonstrating compliance, facilitating decision-making, and maintaining an accurate historical record of the organization's activities. GPT3.5
Word Forms:
- noun.
business record (singular),
business records (plural)
- verb.
business record (simple present),
business recorded (simple past),
business recording (present continuous),
business records (third person singular)
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