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

Which of the following definitions best describes 'credit facility debt basket'?

A. basket of securities whose constituents are credit agreements that allow the borrower to periodically take out money over an extended period of time rather than reapplying for a loan every time they need funds
B. basket of debt instruments that allows a company to incur an amount of indebtedness that is equal to (or in top tier sponsor transactions in the U.S., up to two times) the amount of equity contributed to the group
C. basket of debt instruments that include a provision allowing certain subsidiaries within a corporate group, which are not part of the loan guarantee, to incur a specified amount of indebtedness
D. basket of debt instruments whose constituents are specified based on a leverage ratio based on total debt rather than only secured debt

Answer: basket of securities whose constituents are credit agreements that allow the borrower to periodically take out money over an extended period of time rather than reapplying for a loan every time they need funds