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

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

A. monetary price expressed in relation to a well-known measurable unit by which the goods or services are allocated
B. an amount over par that a debt instrument holder must pay to sell the security early
C. monetary price determined by a formula
D. monetary price for a financial instrument at some point in time

Answer: an amount over par that a debt instrument holder must pay to sell the security early