# Line Item Statuses

Line Item Statuses and Transaction Statuses are equivalent in semantics and application in the system.

| Transaction Status  | Description                                                                                                                                                                  | Final State? |
| ------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------ |
| **VALID**           | A status used to indicate that the transaction's balance has been finalized and posted to the account. An example would be a charge against an account that had been authorized then posted. `PAYMENT` transactions in this status typically initiate a transfer of funds. | Yes          |
| **INVALID**         | A final status used to indicate that a transaction's balance should not be applied to the account.                                                                                  | Yes          |
| **OFFSET**<br>_(Deprecated)_ | An offset transaction is functionally equivalent to an invalid transaction.                                                                                           | Yes          |
| **PENDING**         | A status used to indicate a transactions which has been initiated, but not yet completed.`PAYMENT` transactions in this status should not initiate a transfer of funds.              | No           |
| **AUTHORIZED**      | A status used to indicate a pending `CHARGE` transaction, for which the transaction balance has not yet been posted to the account.                                              | No           |
| **DECLINED**        | A final status used for `PAYMENT` transactions that signifies there is insufficient balance in the third party account to cover the transaction amount.                            | Yes          |
| **POSTED**<br>_(Deprecated)_   | Deprecated                                                                                                                                                                | —            |
| **VOID**            | A final status used to indicate that a transaction has been cancelled by the merchant.                                                                                          | Yes          |
| **REVERSED**        | A final status used to indicate that a transaction previously in a `PENDING` status has been retroactively reversed. It should be noted that `PAYMENT` transactions marked with this status had never initiated a transfer of funds. | Yes          |
| **RETRO_VALID**     | A final status used internally by Canopy to indicate a parent transaction created in retroactive processing: such a transaction will have child transactions in `VALID` status. | Yes          |
| **SPLIT VALID**     | A status used internally by Canopy to indicate a `PAYMENT_SPLIT` transaction has had its balance applied against the corresponding fee, interest, or principal transaction. See [Payment Split](https://docs.canopyservicing.com/v2/docs/payment-split) | Yes          |