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

Which of the following definitions best describes 'cancellation of shares'?

A. corporate action that involves redemption of securities in part before their scheduled final maturity date with no reduction in nominal value
B. An obligation related to the holding of a Security.
C. event in which the shareholders elect to participate and must respond in order for the issuer to process the action
D. The the concept. Further Notes Only possible with shares not publicly issued i.e. treasury shares

Answer: The the concept. Further Notes Only possible with shares not publicly issued i.e. treasury shares