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

Which of the following definitions best describes 'detachment point'?

A. weighted average time to maturity of a portfolio of asset-backed securities (ABS) or mortgage-backed (MBS) securities
B. lower tranche boundary of a tranche defined as a percentage of the value of the total pool of collateral, either at issuance or as of some point in time
C. amount charged, expressed as a percentage of principal, in exchange for the use of assets
D. upper tranche boundary of a tranche defined as a percentage of the value of the total pool of collateral, either at issuance or as of some point in time

Answer: upper tranche boundary of a tranche defined as a percentage of the value of the total pool of collateral, either at issuance or as of some point in time