# Credit Contract State Model
Inbank will send callbacks about changes to the credit contract status. Contracts can have the following statuses:
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<p align="center">
<img src="/static/epos-credit-contract-state-model.svg" style="width: 440px;"/>
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| <b>Status</b> | <b>Description</b> |
|  --- | --- |
| <p>unsigned</p><p></p> | A contract has been created, but has not yet been signed by the customer and/or Inbank. |
| signed | <p>The contract has been signed by both the customer and Inbank.</p><p></p><p>For the flow which includes merchant approval, this state indicates that the credit has been granted by Inbank and the system is now awaiting approval from the partner to activate the contract.</p> |
| <b>activated</b> | This is the target state: credit contract between customer and Inbank has been activated, merchant is liable for the delivery of goods/services. |
| cancelled | <p>The credit contract has been cancelled. This state applies only to contracts which previously were `unsigned` or `signed`.</p><p></p><p>For the flow which includes merchant approval, `signed` contracts get the status `cancelled` when the merchant has not approved the contract.</p> |
| terminated | An existing credit contract has been terminated. This state can only be applied to contracts which previously were `activated`. |