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

Which of the following definitions best describes 'master agreement obligations terms'?

A. the right to terminate the agreement following some termination-triggering event
B. contract terms setting out the obligations on a party to the agreement
C. a master agreement covering derivatives transactions to be carried out between the parties to this contract
D. Terms setting out how Netting may or may not take place and the Obligations on each party in respect of that Netting.

Answer: contract terms setting out the obligations on a party to the agreement