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

Which of the following definitions best describes 'rate basis convention'?

A. basis for a percentage quoted rate as used in specifying bond call percentage amounts
B. convention used to determine how the partial call will be actioned with respect to bond selection
C. convention that specifies how recurring days should be handled, such as the end of the month, a particular day of the month, a day of the week, or more specifically, a t-bill auction date
D. convention by which dividends are provided to shareholders

Answer: basis for a percentage quoted rate as used in specifying bond call percentage amounts