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

Which of the following definitions best describes 'non agency jump tranche'?

A. Interest Only tranche, meaning that this tranche will only pay interest.
B. Unknown Further notes: Verify whether the concept and Support Tranche are meant to be in the same list of types as PAC etc. i.e. can a tranche not be PAC and Residual? this looks suspicioulsy like two semantics.
C. Targeted Amortization Class. This is related to a PAC tranche and has a payment schedule geared towards a specified prepayment speed (called the pricing speed). Agency CMO
D. A tranche where if there is some sort of trigger event reached then the holders of the tranche will begin to receive payments.

Answer: A tranche where if there is some sort of trigger event reached then the holders of the tranche will begin to receive payments.