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What is the difference between pleas of not guilty, guilty, and nolo contendere (no contest)?

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What is the difference between pleas of not guilty, guilty, and nolo contendere (no contest)?

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A not guilty plea means that the defendant asserts that he/she did not commit the offense and he/she demands a trial. A guilty plea means that the defendant admits committing the offense. A plea of nolo contendere (no contest) means that while the defendant does not admit the allegations in the citation or complaint, he/she does not deny them either. The defendant does not contest the charge and he/she is subject to the same sanctions or penalty as he/she had pled guilty. A defendant does not make an admission of guilt when he/she pleads nolo contendere.

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