What does the option "OPEN Deal" in Advanced Filters mean?

What does the option "OPEN Deal" in Advanced Filters mean?

When you filter contacts by the Deal stage using Advanced Filters, you may notice that you have options such as "Deal is OPEN", "Deal is LOST", "Deal is WON".
In this article you will understand what these parameters mean. 

"OPEN deal" refers to a deal that is still being pursued and not closed yet. In this context, the option"OPEN" here points to the Deal Category in your Stage Probability Mapping settings. For each deal stage, you can assign a Deal Category. For example, while a deal is still in the negotiation and legal documents stages, it is still "Open" to be pursued, whereas once it's won or lost, it's gotten a closure. So the deal category is marked "Closed". You have the liberty to mark whichever stages you require as Closed or Open. This setting is what is reflected back in Advanced filters. Whatever you have marked as "Open" here will be filtered when you give criteria as "Deal is OPEN". And subsequently the same logic applies to LOST deals and WON deals. 

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