What is a "record" in the context of Avaloq Script?

In the context of Avaloq Script, a "record" refers to a data structure designed to represent a collection of related data fields. Records are used to encapsulate information in a structured way, allowing programmers to group different types of data under a single entity. This is similar to how an object might work in other programming languages, where the record serves as a composite of various attributes.

For instance, in a financial application, you might have a record called "Customer" that includes fields for the customer's name, account number, and balance. By using a record, developers can manage and manipulate sets of related data more efficiently, as it allows for straightforward access and management of these individual fields.

The other options do not accurately represent what a record is: a loop structure refers to control flow statements, a function return type indicates what kind of value a function will return, and a keyword in conditional statements is part of the syntax for making decisions in code. Therefore, choice B is the most accurate representation of what a record is in Avaloq Script.