There are 4 statuses in the Orders page within your Admin: Paid, Fulfilled, Canceled, and Returned.
Let's take a look at what each one means:
- Paid - An order has been placed on your store and you have been paid.
- Fulfilled - You have printed a shipping label for this order and have packaged your product to be delivered to the customer.
- Canceled - The order has been canceled before it could be fulfilled.
- Returned - A customer has requested a return, a return label has been generated, and a refund has been initiated to the customer.
Read more about canceled or returned orders, here.