Set Prospect Status/Reason apart from "Not Interested"

Summary:

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Hello,

We have a customer requirement based on which Prospect candidates should have been associated with a status and a reason when they're not going to be converted into applicants. (the behavior expected is similar to the "Move" action for job applications).

As far as we know, if the Prospect is not going to be converted into a Job Application, the only available actions are deleting the prospect or updating his/her status as not interested.

Is that correct? Is there any other way to associate a Status/reason for a prospect apart from "not interested"?

Thanks