Task: Instance Description Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes the instance 'lender credits'?

A. a charge for lowering your interest rate
B. a credit whereby the lender reduces closing costs in exchange for a higher interest rate.
C. a charge for an origination
D. the instance of the loan that is owed

Answer: a credit whereby the lender reduces closing costs in exchange for a higher interest rate.