What is Bug life cycle?

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New: when tester reports a defect
Open: when developer accepts that it is a bug or if the developer rejects the defect, then the status is turned into "Rejected"
Fixed: when developer make changes to the code to rectify the bug...
Closed/Reopen: when tester tests it again. If the expected result shown up, it is turned into "Closed" and if the problem persists again, it's "Reopen".
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