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

Which of the following definitions best describes 'syndicated loan'?

A. credit agreement in which a group of lenders, known as a syndicate, collectively provides a large loan to a single borrower
B. credit facility and fixed-income security that may be distributed across a group of lenders
C. credit facility that is a confirmed source of financing for the borrower, as long as the borrower meets the conditions of the agreement
D. credit facility that has yet to be confirmed as a source of financing for the borrower

Answer: credit agreement in which a group of lenders, known as a syndicate, collectively provides a large loan to a single borrower