Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'worthless security action'?

A. corporate action resulting in a reduction of face value of a share or the value of fund assets
B. corporate action to disseminate information regarding a change further described in the corporate action details
C. corporate action that involves booking out of valueless securities
D. corporate action involving the distribution of intermediate securities or privilege that gives the holder the right to take part in a future event

Answer: corporate action that involves booking out of valueless securities