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

Which of the following definitions best describes 'credit event notice'?

A. event that relates to or triggers some aspect of a credit default swap
B. irrevocable written or verbal notice that states that a triggering event has occurred
C. credit event that relates to an individual credit agreement or debt instrument (reference obligation)
D. strategy for calculating or otherwise establishing a reference final price for the contract

Answer: irrevocable written or verbal notice that states that a triggering event has occurred