The correct answer is (B) To reword or restate a passage in order to clarify the meaning; to restate in different words the meaning or message of a text, passage, etc.. Also, to give the meaning in another form for clarity.

Paraphrase comes from French paraphraser, Greek pharaphrasis, paraphrazein (para [beside] + phrazein [to tell])

Examples of use:

• The magazine paraphrased the technical paper for its readers.
• He paraphrased the bulletin that announced changes to the income tax act.