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

Which of the following definitions best describes 'savings loan association'?

A. banking institution organized to accept savings deposits and pay interest on those savings deposits
B. cooperative association organized for the purpose of promoting thrift among its members and creating a source of credit for provident or productive purposes
C. state-chartered savings association that is organized and operates according to the laws of the state in which it is chartered or organized, including Massachusetts, New Hampshire, Rhode Island or Vermont
D. financial institution that accepts deposits primarily from individuals and channels its funds primarily into residential mortgage loans

Answer: financial institution that accepts deposits primarily from individuals and channels its funds primarily into residential mortgage loans