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

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

A. status indicating that the registration has been validated and issued, and which identifies an entity that was operating legally as of the last update
B. status indicating that an application for registration has been submitted and is in process, pending validation
C. status indicating that the registration that has been transferred to a different registration authority
D. status indicating that the registration was determined to be a duplicate registration of the same entity as another registration; the instance is assigned to the non-surviving registration (i.e. the identifier that should no longer be used)

Answer: status indicating that the registration has been validated and issued, and which identifies an entity that was operating legally as of the last update