nolo contendere

Definition

Forex

  • A type of legal plea that can be entered in court based on its Latin meaning, "I will not contest it". When permitted to make a nolo contendere plea for an indictment or criminal complaint, a forex fraud defendant does not need to admit or deny charges, although the court may impose a fine or sentence.
http://www.dictionarycentral.com/definition/nolo-contendere.html