General terms are used in the Testing with in a Development Department :
New : The Status used When a new bug is reported to the Development team..
Open: When we report a bug to the Development team we mark the status of Bug as open.
Re-open :The Status used This bug was once resolved, but the resolution was not done correctly. The bug found again.
Pass : The Status used If the portion of software is working correctly, I.e no bugs are present there.
Fail : The Status used If The Defect is present. And produce some unexpected result.
Closed : The Status used if we find the defect is fixed.
Not an issue : The Status used If the Tester Report the defect is not produced there .
Deferred : The Status used If the Developer think he has no time to fix the defect and this defect will not effect to any other portion of the application.