What feature in SharePoint Online and OneDrive allows users to work on a document after it has been declared as a record?

The feature that allows users to work on a document after it has been declared as a record in SharePoint Online and OneDrive is record versioning. When a document is designated as a record, it remains managed under specific retention policies and controls, allowing for version history to be maintained while also enabling users to make updates or changes as necessary.

Record versioning is important in the context of compliance and records management because it ensures that while documents can be modified, there is an audit trail and historical context available. This capability is essential for organizations that need to maintain compliance with regulations regarding records management, allowing them to track changes over time while still adhering to policies about data retention and accessibility.

Other options like document versioning generally refer to maintaining multiple versions of non-record documents but do not encapsulate the compliance aspects specifically associated with records. Similarly, record archiving pertains to the long-term storage of records, while file versioning is a broader term that does not specifically relate to the compliance framework under which records are managed. Hence, the focus on record versioning captures the nuances and requirements necessary when dealing with declared records in SharePoint Online and OneDrive environments.