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

Which of the following definitions best describes the instance 'subordinate lien position'?

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

Answer: secondary or lower position in the order of seniority in which the law recognizes lenders' claims against a property