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

Which of the following definitions best describes 'interest rate adjustment'?

A. corporate action by which the unit (currency and/or nominal) of a security is restated
B. corporate action which indicates a failure by the issuer to perform obligations defined as default events under the bond agreement and that have not been remedied
C. Scheduled change to the coupon rate for a floating or adjustable rate security.
D. corporate action involving a decrease in a company's number of outstanding equities without any change in the shareholder's equity or the aggregate market value at the time of the split

Answer: Scheduled change to the coupon rate for a floating or adjustable rate security.