Phylum Chordata is characterized by a notochord, dorsal hollow nerve cord, pharyngeal slits, and a post-anal tail, features that serve various structural and functional roles in chordates. It is divided into two main subdivisions: protochordata, which are primitive chordates, and euchordata, which are true chordates including vertebrates. Vertebrates can be further classified into groups such as agnatha (jawless fishes) and gnathostomata (jawed vertebrates), encompassing a diverse range of species from fish to mammals.