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Simple English definitions for legal terms
business meeting
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A quick definition of business meeting:
A business meeting is a formal gathering of people who come together to discuss and make decisions about matters related to their work or organization. It is different from social or educational events. The meeting usually starts with a call to order and continues until the assembly adjourns. There are different types of meetings such as regular meetings, special meetings, and annual meetings. A regular meeting is held periodically at a set time, while a special meeting is called for a specific purpose. An annual meeting is held once a year to elect officers or directors and conduct other routine organizational business.
A more thorough explanation:
A business meeting is a formal gathering of people to discuss or act on matters related to their common interest. It is different from a purely educational or social event. The purpose of a business meeting is to transact business, make decisions, and plan for the future.
- An annual meeting of a company to elect or install officers and conduct routine organizational business.
- A special meeting called to discuss a particular issue or make a specific decision.
- A creditors' meeting in a bankruptcy case where the debtor's creditors and equity security holders meet to elect a bankruptcy trustee and examine the debtor under oath.
These examples illustrate how a business meeting is a formal gathering of people to transact business related to their common interest. The meetings have specific purposes and are usually governed by rules and procedures to ensure that decisions are made in an orderly and fair manner.