Deal Dispositions are reasons why something's status was changed. This is a report feature. Filter by status changes and leads will populate Extension of Status Changes.

To get there: Find Lead in V2 > Login to V2 > Settings > Deal > Deal Dispositions/span>

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Any new Deal Dispositions you add will need a name, a description, and a corresponding Deal Status. For example, you might set up a Disposition for deals that are put into "On Hold" status due to a credit issue. Once configured, be sure to save. Here's an example:
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Deal Dispositions stay in circulation unless they are deleted. Red trash cans exist on the right for this purpose.