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

Which of the following definitions best describes 'bond'?

A. bond with a coupon that increases (steps up) while the bond is outstanding
B. bond that gives the holder the right to convert the bond into a fixed number of shares (conversion ratio) if the equity price rises above a specified level (strike price)
C. bond whose entire principal value is paid on the maturity date, rather than amortized over its lifetime
D. tradable debt instrument representing a loan in which the issuer owes the holder(s) a debt

Answer: tradable debt instrument representing a loan in which the issuer owes the holder(s) a debt