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

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

A. status indicating that the registration is for an entity that has ceased operation, without having been merged into another entity
B. status indicating that the registration was determined to be erroneous or invalid after issuance
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 an application for registration has been submitted and is in process, pending validation

Answer: 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