The status property indicates the current state of the financial product. A product can be active, cancelled, defaulted, committed etc. This is generally used to differentiate potential offers committed by the institution (lending decision taken) but not yet accepted by a customer. The status could also indicate liabilities which have been cancelled but are still being held within the dataset (until maturity or otherwise).
The account is active and in use by the customer.
The account is active in a transactional way, transactional being defined in accordance with the Liquidity Regulations:
LCR Article 24(3): For the purposes of paragraph 1(b) a retail deposit shall be considered as being held in a transactional account where salaries, income or transactions are regularly credited and debited respectively against that account.
For US accounts, transactional is defined in Regulation D:
Transaction accounts are defined in section 19 of the FRA and in Regulation D as an account from which the depositor or account holder is permitted to "make transfers or withdrawals by negotiable or transferable instrument, payment order of withdrawal, telephone transfer, or other similar device for the purpose of making payments or transfers to third persons or others...." Demand deposits, negotiable order of withdrawal (NOW) accounts, and share draft accounts are all included in the definition of "transaction account." "Time deposits" and "savings deposits," discussed further below, are excluded from the Regulation D definition of transaction account. See the definition of "transaction accounts" in section 204.2(e) of Regulation D.
The account has been cancelled but funds will be rolled-over in to another account on the end_date.
The account has been cancelled and the funds are known to be leaving the financial institution.
This is a live loan.
This is a loan offer or commitment to a customer that a customer could draw down (typically also denoted as off balance sheet).
This is a loan that was committed but then later cancelled due to refusal by customer or expiry of offer.
This is a loan where the customer has defaulted or is non-performing.