Which phrase best defines "paraphrase"?

a word-for-word excerpt from a text

a source excerpt in your own words

a brief statement of the main ideas of a text

a sentence written on an index card

The meaning of paraphrase:V-T If you paraphrase someone or paraphrase something that they have said or written, you express what they have said or written in a different way.

Phrase example: To paraphrase President Bush, we must restore confidence in our economic sector.