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

Which of the following definitions best describes 'thrift institution'?

A. savings association that primarily accepts savings account deposits and invests most of the proceeds in mortgages
B. non-bank financial service provider based in the United States of which 25 percent or more of whose voting shares are owned or controlled by an entity that is also based in the United States, or of which a majority of its directors are controlled by such domestic entity, or of which 25 percent or more of whose voting shares are held by trustees for the benefit of the shareholders or members of such domestic entity
C. financial institution that accepts deposits primarily from individuals and channels its funds primarily into residential mortgage loans
D. bank that is licensed to conduct business in the United States

Answer: savings association that primarily accepts savings account deposits and invests most of the proceeds in mortgages