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

Which of the following definitions best describes 'entitlement'?

A. a debt instrument that is also a security, i.e., that can be bought and sold by the holder
B. financial instrument that provides the holder the privilege to subscribe to or to receive specific assets on terms specified
C. derivative instrument whose primary underlying item is a physical commodity, or the price, or related index, or any other aspect related to a physical commodity
D. derivative instrument whose primary underlying notional item is based on something related to the weather, for example, the average temperature in Chicago in January

Answer: financial instrument that provides the holder the privilege to subscribe to or to receive specific assets on terms specified