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

Which of the following definitions best describes 'private warrant'?

A. warrant that is not tradable
B. warrant that gives the holder the right, but not the obligation, to buy (call warrant) or to sell (put warrant) an underlying asset at a specified price (the strike or exercise price) by a predetermined date, issued without an accompanying security by a third party that holds as many securities as would be required if all the warrants are exercised
C. warrant that permits the holder to acquire a specified amount in a certain currency at a specified exchange rate during a specified period
D. warrant that permits the holder to acquire a specified amount of an equity instrument during a specified period at a specified price

Answer: warrant that is not tradable