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Terminated means you won't be paying for the instance.
Depending on the settings when you spin it up, you can have EBS volumes set to delete on termination or remain after termination. If you click the "Volumes" link, you would see unattached volumes, if you'd picked the latter option.
You can also look at the Billing menu to see if you're getting charged for anything else.
hippy
@Polygon
Ok, so I managed to find a Windows AMI with V-ray and 3DS Max per-installed and ran it in a C5.large instance. Yay! baby steps but at least I've managed to get something running and connect to it via RDP. Unfortunately it was some CLI only version of 3DS Max, probably for building farms with, so not going to be much use initially, but I'll have an ask about on the Thinkbox forums to see if anyone has something.
The instance now says 'terminated', that means I'm not going to keep getting billed for it right? I don't appear to have any EBS volumes either (because I 'terminated' rather than just 'stopped'?)