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Oracle Lease and Finance Management User's Guide
Release 12.1
Part Number E13583-05
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Status Definitions

This appendix covers the following topics:

Lease Sales Quotes

This section includes statuses for lease sales quotes and pricing and payment plans.

The following table describes lease sales quote statuses.

Lease Sales Quotes Statuses
Status Name Description
Incomplete Quote not priced, or draft quote is in progress.
Complete Quote includes at least one priced payment plan or one plan in the process of being priced.
Accepted Lessee has accepted the quote; the quote can be selected for contract authoring.

The following table describes pricing and payment plan statuses.

Pricing and Payment Plan Statuses
Status Name Description
Incomplete Payment plan not priced.
Pricing In Progress An external pricing plan has been submitted (applies for external pricing, only).
Complete Pricing successfully completed.
Submitted Priced plan has been submitted for internal review.
Approved After being submitted, the plan is approved.
Rejected After being submitted, the plan is rejected.
Accepted After being submitted and approved, the plan has been accepted by the customer.
Declined After being submitted and approved, the plan has been declined by the customer.

Credit Lines

The following table describes the statuses of credit lines.

Credit Line Statuses
Status Name Description
New Someone has drafted a prospect's or customer's potential credit line in the system.
Entered Someone has drafted a prospect's or customer's potential credit line in the system, and it has passed validation.
Submitted The potential credit line is submitted for approval.
Approved The credit line was approved internally and is active.
Rejected The potential credit line was rejected.

Lease and Loan Contracts

The following table describes the contract statuses for lease and loan contracts.

Contract Statuses for Lease and Loan Contracts
Status Name Description
New Entered into the system, but not validated.
Passed Entered and validated.
Complete Streams and journal entries generated.
Incomplete You have made modifications that require revalidation.
Pending Approval Validated and pending approval.
Booked Upon successful activation, the contract is active and ready to start billing; the system has generated both accounting and asset journal entries.
Evergreen Active, but an original term has expired, and the billing is month-to-month.
Litigation Hold Not terminated, but billing is suspended due to litigation against lessee.
Bankruptcy Hold Not terminated, but billing is suspended due to bankruptcy of the lessee.
Expired Contract has expired at the natural end-of-term.
Terminated Contract has terminated.
Reversed Contract, including all accounting and billing, has reversed.
Abandoned The contract was never completed or activated.

Agreements

This section includes vendor, master lease, and investor agreements statuses.

Vendor Agreements

The following table describes the statuses for vendor agreements.

Vendor Agreement Statuses
Status Name Description
New Vendor agreement has been entered into the system.
Approved Vendor agreement has been approved internally.
Active Vendor agreement is active.
Hold Vendor agreement is not available for authoring a contract.
Expired Vendor agreement has passed its expiration date.
Terminated Vendor agreement has been terminated.
Abandoned No one has ever signed or approved the agreement.

Master Lease Agreements

The following table describes the statuses for master lease agreements.

Master Lease Agreement Statuses
Status Name Description
New Someone has entered the master lease agreement into the system.
Approved Internal approvers have approved the master lease agreement.
Active Master lease agreement is active.
Hold Master lease agreement is not available for authoring or contract.
Expired Master lease agreement has passed its expiration date.
Terminated Master lease agreement has been terminated.
Abandoned No one has signed or approved the master lease agreement.

Investor Agreements

This section includes investor agreements and investor pools statuses.

The following table describes the statuses of investor agreements.

Investor Agreement Statuses
Status Name Description
New Someone has entered the investor agreement into the system.
Passed Investor agreement has passed validation.
Incomplete Investor agreement has not yet passed validation.
Active The investor agreement is active.
Expired The investor agreement has passed its expiration date or been terminated.

The following table describes the statuses of investor pools.

Investor Pools Statuses
Status Name Description
New Someone has entered the investor pool into the system.
Active Pool status when the related investor agreement has been activated.
Expired Pool status when the related investor agreement has passed its expiration date or has been terminated.

Termination Quotes

This section includes statuses of termination, structure, and repurchase quotes.

The following table describes the statuses for termination quotes.

Termination Quote Statuses
Status Name Description
Drafted Someone has created a termination quote in the system.
Submitted The termination quote has been submitted for approval, but is not yet approved or rejected.
Rejected The termination quote was rejected.
Approved The termination quote was approved.
Accepted The termination quote was accepted.
Completed The contract or asset specified on an accepted termination quote has been terminated.
Cancelled When one of several termination quotes for a contract or asset has been accepted and completed, any outstanding termination quotes for the same object are cancelled.

The following table describes the statuses for restructure quotes.

Restructure Quote Statuses
Status Name Description
In Process  
Drafted Someone has created a restructure quote.
Submitted The restructure quote has been submitted for approval, but not yet approved or rejected.
Accepted The restructure quote was accepted.
Completed The contract or asset specified on an accepted restructure quote has been terminated.
Cancelled When one of several restructure quotes for a contract or asset has been accepted and completed, any outstanding restructure quotes for the same object are cancelled.

The following table describes the statuses for repurchase quotes.

Repurchase Quote Statuses
Status Name Description
Drafted Someone has created a repurchase quote.
Accepted The repurchase quote was accepted.
Completed The contract or asset specified on an accepted repurchase quote has been terminated.
Cancelled When one of several repurchase quotes for a contract or asset has been accepted and completed, any outstanding repurchase quotes for the same object are cancelled.