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

Which of the following definitions best describes the instance 'primary residence'?

A. residence that the owner physically occupies and uses as his or her principal residence
B. a home owned for the purpose of generating income
C. an automated underwriting software system produced by Federal Housing Administration (FHA)
D. a property occupied by the owner for a portion of the year that is not the primary residence

Answer: residence that the owner physically occupies and uses as his or her principal residence