Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'agent for service of process'?

A. any party that acts as an intermediary between a buyer and a seller, usually charging a commission
B. kind of event that occurs during one or more stages of the lifecycle of a trade
C. any party that purchases goods or services for resale and acts on their own behalf in a transaction
D. registered agent (person or organization) designated by a business entity, such as a corporation, to receive legal correspondence on behalf of the business entity in the jurisdiction in which the agent's address is located

Answer: registered agent (person or organization) designated by a business entity, such as a corporation, to receive legal correspondence on behalf of the business entity in the jurisdiction in which the agent's address is located