Question : What does the following "who is" information mean?

I registered my domain with godaddy. When I checked the domain under 'whois' option, i could not understand a few sections shown below. Here, am I the 'Client'?
If yes, can't I delete, renew or transfer the domain to another company?

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Sponsoring Registrar:GoDaddy.com Inc. (R101-AFIN) Status:CLIENT DELETE PROHIBITED Status:CLIENT RENEW PROHIBITED Status:CLIENT TRANSFER PROHIBITED Status:CLIENT UPDATE PROHIBITED Status:TRANSFER PROHIBITED

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Answer : What does the following "who is" information mean?

Yes, you are the client. As a security measure, GoDaddy locks the abilities that you have listed. If you registered your domain directly with GoDaddy, you can log into their control panel and change the locks.  

Regarding the renew, if I remember GoDaddy's policy correctly, you can renew the domain name through GoDaddy, but not through another registrar.  As your domain name come near its renewal date, you will probably receive solicitations from various domain name registers offering to renew your domain name.  With the Client Renew Prohibited being locked, domain name renewal cannot be done by a third party.

Hope this helps.