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Simple English definitions for legal terms
old business
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A quick definition of old business:
Old Business: This refers to things that were not finished in a previous meeting or discussion. It can be related to commercial transactions or matters of a noncommercial nature. In parliamentary law, it refers to matters that come before a group for consideration or action. It is different from new business, which is an item introduced for consideration that was not previously scheduled. Unfinished business is a similar term that refers to a general order carried over from a previous meeting.
A more thorough explanation:
Definition: Old business refers to unfinished business that was not completed in a previous meeting or session. It is also known as unfinished business.
For example, if a board meeting adjourned before discussing an important matter, that matter would be considered old business at the next meeting.
Old business is different from new business, which is an item introduced for discussion at the current meeting.
In parliamentary law, old business is a category of matters that come before a deliberative assembly for consideration and action, or for information with a view to possible action in the future.
Overall, old business refers to any unresolved issues or tasks that need to be addressed in a subsequent meeting or session.