The document discusses characteristics of the phylum Chordata. It notes that chordates possess four defining features: a notochord, dorsal hollow nerve cord, pharyngeal slits, and muscular tail. It then describes classes within Chordata including Chondrichthyes (cartilaginous fishes like sharks) and Osteichthyes (bony fishes). Key features of Chondrichthyes are that they have a heterocercal tail fin, placoid scales, and some are ovoviviparous. Osteichthyes are distinguished by having bones, a swim bladder, and mostly oviparous reproduction.