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

Which of the following definitions best describes 'put feature'?

A. redemption provision defining the rights of the issuer to buy back a security at a call price after a call protection period
B. redemption provision giving the holder the right, but not the obligation, to sell a specified amount of the debt instrument (i.e., redeem it), prior to maturity
C. redemption provision that specifies the conditions under which the issuer or shareholder may redeem the shares
D. provision of a redemption feature defining notification requirements

Answer: redemption provision giving the holder the right, but not the obligation, to sell a specified amount of the debt instrument (i.e., redeem it), prior to maturity