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

Which of the following definitions best describes 'transaction deposit account'?

A. date by which payment of the current outstanding balance, part thereof, or a minimum amount due must be made to the creditor
B. non-interest-bearing deposit account in which deposits are payable immediately on demand, or that are issued with an original maturity or required notice period of less than seven days, or that represent funds for which the depository institution does not reserve the right to require at least seven days' written notice of an intended withdrawal
C. deposit account from which the depositor / account holder is permitted to make transfers or withdrawals by negotiable / transferable instruments, payment orders of withdrawal, telephone transfers, and so forth, and that may be accessible via an electronic device such as an automated teller machine (ATM), remote service unit (RSU), mobile device, and by debit card
D. any deposit account that is not explicitly considered a transaction account

Answer: deposit account from which the depositor / account holder is permitted to make transfers or withdrawals by negotiable / transferable instruments, payment orders of withdrawal, telephone transfers, and so forth, and that may be accessible via an electronic device such as an automated teller machine (ATM), remote service unit (RSU), mobile device, and by debit card