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

Which of the following definitions best describes the instance 'pending transfer status'?

A. status indicating that the registration was abandoned prior to issuance
B. status indicating that the registration has requested transfer to a different registration authority, and for which transfer is in progress
C. status indicating that the registration is about to be transferred to a different registration authority, after which its registration status will revert to a non-pending status
D. status indicating that the registration that has been transferred to a different registration authority

Answer: status indicating that the registration has requested transfer to a different registration authority, and for which transfer is in progress