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

Which of the following definitions best describes the instance 'no cashout'?

A. the mortgage is refinanced for more than is owed and the borrower pockets the difference.
B. The mortgage is refinanced for less than or equal to what is owed.
C. a loan in which the interest rate and payments remain the same for the life of the loan
D. a cashout mortgage where the amount is limited by the lenger. 80% loan to value ratio is a common limit.

Answer: The mortgage is refinanced for less than or equal to what is owed.