This article walks through the lifecycle of the Recurring Donation Status. It will outline what each Status refers to in the Recurring Donation lifecycle.
When initially created, the Recurring Donation is set to Active. You can view where the Status can be shown in the Recurring Donation page down below.
When an unsuccessful Payment is encountered, the Recurring Donation will be set to Lapsed.
The Recurring Donation remains as Lapsed if no successful Payment is processed for the month, but will still be retried the next month and will be set to Active when processed successfully.
The Recurring Donation will be set to Closed if the End Date is reached.