Vertebrates are a subphylum of Chordata. While the assertion is true, other chordate subphyla, Urochordata and Cephalochordata, are not vertebrates. The reason provided – that vertebrates develop a vertebral column replacing the notochord – is also accurate. However, this explanation does not fully account for why not all chordates are vertebrates. The defining characteristic of vertebrates is the development of a vertebral column, a feature absent in other chordates, which retain their notochord throughout life.