Task: Instance Description Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes the instance 'PCAL'?

A. ISO 15022 classifier for corporate actions that involve redemption of an entire issue outstanding of securities prior to maturity
B. ISO 15022 classifier for corporate actions that involve redemption of securities in part before their scheduled final maturity date with no reduction in nominal value
C. ISO 15022 classifier for corporate actions that distribute cash to shareholders in proportion to their equity holding
D. ISO 15022 classifier for corporate actions that involve redemption of securities in part before their scheduled final maturity date with reduction of the nominal value of the securities

Answer: ISO 15022 classifier for corporate actions that involve redemption of securities in part before their scheduled final maturity date with reduction of the nominal value of the securities