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What are all the statuses of policy center transactions

Can someone explain the states of policy center transactions. What is the meaning of each transaction state/status?

Thanks In Advance.

If you have a Policy Center GW studio,then the best way from my point of view is to refer description available for each typecode (each Status) in the typelist (PolicyPeriodStatus.ttx). Its very clear to understand when, how and what status used for each policy transaction when you go through each typecode in the typelist. Assuming that your GW studio has the OOTB PolicyPeriodStatus.ttx typecodes.

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