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

Which of the following definitions best describes 'asset-backed credit default swap'?

A. credit default swap in which an additional triggering event is required
B. credit default swap whose underlying risk is a single reference obligation, or a single reference entity, such as a corporation or a sovereign borrower
C. credit default swap whose underlying reference obligation is limited strictly to syndicated secured loans, rather than any type of corporate debt
D. credit default swap whose underlying reference obligation is an asset-backed security rather than corporate credit

Answer: credit default swap whose underlying reference obligation is an asset-backed security rather than corporate credit