public static enum Obligation.Lifecycle
Represents where in its lifecycle a contract state is, which in turn controls the commands that can be applied to the state. Most states will not leave the NORMAL lifecycle. Note that settled (as an end lifecycle) is represented by absence of the state on transaction output.
public static net.corda.finance.contracts.asset.Obligation.Lifecycle NORMAL
Default lifecycle state for a contract, in which it can be settled normally
public static net.corda.finance.contracts.asset.Obligation.Lifecycle DEFAULTED
Indicates the contract has not been settled by its due date. Once in the defaulted state, it can only be reverted to NORMAL state by the beneficiary.