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It is most commonly used as the prefix for nolo contendere, which is a plea in a criminal case of "no contest", meaning the defendant will not contest the charges, but does not admit guilt.
As for an acronym, I have seen NO LO, which means No Losing Options, (which has to do with Options Trading), I have also seen it refer to "No Live Operator". However, I don't think it has any independent meaning.
Sorry, I should have been more specific. I was referring to the book:
NOLO, how to file a chapter 7
NOLO has been in existence for over 35 years - they specialize in do-it-yourself, self-help law and software. They most likely took their name from nolo contendere which according to Cornell Law School "is Latin for "no contest." In a criminal proceeding, a defendant may enter a plea of nolo contendere, in which he does not accept or deny responsibility for the charges but agrees to accept punishment. The plea differs from a guilty plea because it cannot be used against the defendant in another cause of action."
So HHM's explanation of nolo contendere is indeed the answer to your question
I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.
06/01/06 - Filed Ch 13
06/28/06 - 341 Meeting
07/18/06 - Confirmation Hearing - not confirmed, 3 objections
10/05/06 - Hearing to resolve 2 trustee objections
01/24/07 - Judge dismisses mortgage company objection
09/27/07 - Confirmed at last!
06/10/11 - Trustee confirms all payments made
08/10/11 - DISCHARGED ! 10/02/11 - CASE CLOSED Countdown: 60 months paid, 0 months to go
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