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

Which of the following definitions best describes the instance 'merged status'?

A. status indicating that an application for registration has been submitted and is in process, pending validation
B. status indicating that the registration is for an entity that has ceased operation, without having been merged into another entity
C. status indicating that the registration that has been transferred to a different registration authority
D. status indicating that the registration is for an entity that has been merged into another legal entity, such that this legal entity no longer exists as an independently operating entity

Answer: status indicating that the registration is for an entity that has been merged into another legal entity, such that this legal entity no longer exists as an independently operating entity