What is Concluded Status?

What is Concluded Status?

In some situations, the in-bond will be included by the filing of a succeeding bond. In such an instance, the in-bond will show as "arrived." Once a succeeding in-bond is filed, the previous one will be designated as "Concluded" given that the liability will transfer from the old to the new in-bond and in doing so complete the in-bond process. The initial in-bond will then be deemed "closed."