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A business record is a document (hard copy or digital) that records an "act, condition, or event" [1] related to business. Business records include meeting minutes, memoranda, employment contracts, and accounting source documents. It must be retrievable at a later date so that the business dealings can be accurately reviewed as required.
Electronic records, also often referred to as digital records, are those records that are generated with and used by information technology devices. Classification of records is achieved through the design, maintenance, and application of taxonomies , which allow records managers to perform functions such as the categorization, tagging ...
Records life-cycle in records management refers to the following stages of a records "life span": from its creation to its preservation (in an archives) or disposal. While various models of the records life-cycle exist, they all feature creation or receipt, use, and disposition. [2]
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Long-term records are those with ongoing value to an organization. Retention periods may extend to 25 years or longer, with some records designated as “indefinite” or “permanent.” However, due to the impracticality of such retention, “permanent” is a rare designation outside of federal agencies.
Records were made in chronological order, and for temporary use only. Daily records were then transferred to a daybook or account ledger to balance the accounts and to create a permanent journal; then the waste book could be discarded, hence the name. [4]
In real estate business and law, a title search or property title search is the process of examining public records and retrieving documents on the history of a piece of real property to determine and confirm property's legal ownership, and find out what claims or liens are on the property. [1]
Census records are among the most frequently requested at NARA, with the oldest entries from 1790. [41] These records often contain information such as addresses and names of family members. However, all pieces of personal data are restricted for 72 years after collection; prior to then, federal agencies can only access statistical data. [42]