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

Which of the following definitions best describes the instance 'transferred 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 about to be transferred to a different registration authority, after which its registration status will revert to a non-pending status
C. status indicating that the registration has been validated and issued, and which identifies an entity that was operating legally as of the last update
D. status indicating that the registration that has been transferred to a different registration authority

Answer: status indicating that the registration that has been transferred to a different registration authority