hs_lead_status vs leadstatus?

[AChen3]

What's the difference between using Lead Status (hs_lead_status) vs Status (leadstatus)?

[ChrisPenner]

Lead Status is a Sales Property-- ex  Qualified- Presented To- Ready to Buy- Offer Sent- Sewer Drain However you want to describe potential deals

and Status is a Contact Activity-  Active- Closed- Open- Dead- Do not Call- 

It's helped me to schedule a meeting so that our organization and members using Hubspot understood the meaning and purpose of the property. 

Also important when importing data, but that's a different game of cricket altogether.