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

Which of the following definitions best describes the instance 'fractional ownership interest'?

A. secondary or lower position in the order of seniority in which the law recognizes lenders' claims against a property
B. classification indicating the most common type of ownership, covering an indefinite ownership period and the freedom to transfer said ownership as desired
C. first position in the order of seniority in which the law recognizes lenders' claims against a property
D. classification indicating that several parties may share in, and mitigate the risk of, ownership of a high-value tangible asset

Answer: classification indicating that several parties may share in, and mitigate the risk of, ownership of a high-value tangible asset