A formal setting where the King or another officer conducts official business such as bestowing Titles, Awards, and other recognitions of service.
Sometimes they are done in a manner which allows Roleplaying, assassinations, etc. Other times they are serious and ask everyone to allow the business to be conducted without interruption.
Court is often held at events, and is an important part of Coronation and Mid-reign events. It often takes place in conjunction with a feast.