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

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

A. status indicating that the registration that has not been renewed by the specified renewal date and is not known by public sources to have ceased operation as of the last update
B. status indicating that the registration has been validated and issued, and which identifies an entity that was operating legally as of the last update
C. status indicating that the registration was abandoned prior to issuance
D. status indicating that the registration has requested transfer to a different registration authority, and for which transfer is in progress

Answer: status indicating that the registration was abandoned prior to issuance