Step 1: Concept
The Arrhenius equation models the temperature dependence of chemical reaction rates: $k = A \cdot \exp\left(-\frac{E_{a}}{RT}\right)$, where $A$ is the frequency factor and $E_{a}$ is the activation energy.
Step 2: Meaning
In collision theory, not all collisions result in a chemical reaction. Reactants must possess a minimum threshold energy, called the activation energy ($E_{a}$), to break existing bonds and form products.
Step 3: Analysis
The exponential term $\exp\left(-\frac{E_{a}}{RT}\right)$ stems from the Maxwell-Boltzmann distribution of molecular energies. It represents the specific statistical fraction of total colliding reactant molecules that have kinetic energy equal to or greater than the required activation energy barrier ($E_{a}$) at a given temperature $T$.
Step 4: Conclusion
This definition matches option (B) directly.
Final Answer: (B)