What does the poll message 'Application for domain: DOMAIN has been enqueued and is pending' mean?

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The application is awaiting the registrants acceptance of our terms.

There is at 4 days limit, until midnight, for the registrant to respond. The domain is not created, but put on hold (reserved) until the above is completed.

Failure to respond, the hold is removed and the domain is made available againg for registration. You will not be billed for the the reservation period.