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

Which of the following definitions best describes 'preferred, voting, perpetual, auction rate income, registered share'?

A. preferred share that confers less than one vote per share, has no fixed maturity date, provides a periodic stated income, and is registered
B. preferred share that confers exactly one vote per share, has no fixed maturity date, provides a periodic income whose dividend rate is adjusted through an auction, and is registered
C. preferred share that confers multiple votes per share, whose issuer and/or shareholders have the option to extend the maturity date, that provides a periodic income whose dividend rate is adjusted through an auction, and is registered
D. preferred share that confers less than one vote per share, may be redeemed at the option of the issuer and/or of the shareholder, provides a periodic income whose dividend rate is adjusted through an auction, and is registered

Answer: preferred share that confers exactly one vote per share, has no fixed maturity date, provides a periodic income whose dividend rate is adjusted through an auction, and is registered