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

Which of the following definitions best describes 'managed interest rate'?

A. variable interest rate that is based on a specific index or benchmark rate
B. credit facility that enables the borrower to withdraw funds, repay, and withdraw again
C. variable interest rate charged by a financial institution for borrowing that is not prescribed as a margin over base rate but is set from time to time by the institution
D. credit agreement that allows the borrower to periodically take out money over an extended period of time rather than reapplying for a loan every time they need funds

Answer: variable interest rate charged by a financial institution for borrowing that is not prescribed as a margin over base rate but is set from time to time by the institution