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

Which of the following definitions best describes 'contractual transaction'?

A. An economic transaction which has some contractual basis.
B. A transaction side as seen from the perspective of one of the parties to the transaction.
C. A transaction covered by some Master Agreement.
D. Something which occurs at a point in time, at which a party makes some commitment to some other party.

Answer: An economic transaction which has some contractual basis.