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

Which of the following definitions best describes the instance 'mortgage insurance denied'?

A. The application was denied because the credit application was not complete.
B. The application was denied due to insufficient down payment, or cash available to pay closing costs.
C. The application was denied because necessary mortgage insurance was denied.
D. The application was denied because the debt to income ratio is too high.

Answer: The application was denied because necessary mortgage insurance was denied.