A reference-type variable can be specified as not being associated with an object by using the keyword Nothing.

Name: A reference-type variable can be specified as not being associated with an object by using the keyword Nothing.
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Quizplus · Accepted Answer

This statement is true. An example in Visual Basic would be specifying a variable as follows: 
Dim myObject As Object = Nothing 
This would indicate that the variable myObject is not currently associated with an object.

A Reference-Type Variable Can Be Specified as Not Being Associated