What does "to lifecycle" an asset, as a verb, exactly means?

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@georg, I’m reading the DAML Finance Library (FinLib) (and also writing a blog post about some advanced refapps, some of which use it), and there is a concept I’m not sure I fully understand: what does “to lifecycle”, as a verb, mean? I have a general idea about asset life cycles, but I haven’t seen the verb yet. Could you explain that to me? Thanks

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Lifecycling usually refers to handling any type of event during the lifetime of a financial instrument or trade. Examples are coupon payments, bond maturity / redemption, corporate actions, option exercises, barrier hits, which all fall under the activity of “lifecycling”.

Generally, you can differentiate between instrument lifecycling, which refers to updating the reference data associated with a financial instrument, and position lifecycling, which refers to updating a concrete position on an instrument to reflect a lifecycle event.

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Now it’s clear, thank you!