A more thorough explanation:

A business record is a document, note, or any other type of record that is created as part of the regular operations of a business. These records can include financial statements, invoices, receipts, contracts, and other documents that are used to keep track of business transactions.

For example, a business record could be a sales receipt that a store gives to a customer after a purchase. It could also be an invoice that a company sends to a client for services rendered. These records are important because they provide evidence of the transaction and can be used to track the financial health of the business.

In legal proceedings, business records can be requested as part of the discovery process. This means that if a lawsuit is filed against a business, the opposing party can request access to the business's records to help build their case.