Time for business records (7)
I believe the answer is:
minutes
'records' is the definition.
(minute is a kind of record)
'time for business' is the wordplay.
'time' becomes 'minute' (sixty seconds).
'for business' becomes 's' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
'minute'+'s'='MINUTES'
Can you help me to learn more?
(Other definitions for minutes that I've seen before include "summary" , "Recorded notes of a meeting" , "Units of time" , "Written account of a meeting" , "Record of a meeting's decisions" .)