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

Which of the following definitions best describes the instance 'VOLUNTARY ARRANGEMENT'?

A. GLEIF classifier for corporate actions consisting of distribution of cash, assets, or both
B. GLEIF classifier for corporate actions in which the status of a legal entity is that it is unable to pay creditors
C. GLEIF classifier for corporate actions involving (i) A voluntary termination of operations, (ii) a general assignment for the benefit of the legal entity's creditors or (iii) any other liquidation, the instance or winding up of the legal entity (excluding a Liquidity Event), whether voluntary or involuntary (event completed)
D. GLEIF classifier for corporate actions consisting of a procedure that allows a legal entity to settle debts by paying only a proportion of the amount that it owes to creditors or to come to some other arrangement with its creditors over the payment of its debts (event completed)

Answer: GLEIF classifier for corporate actions consisting of a procedure that allows a legal entity to settle debts by paying only a proportion of the amount that it owes to creditors or to come to some other arrangement with its creditors over the payment of its debts (event completed)