It depends. It at least means that you aren't wanting to fight the charges.
For instance, in Dallas, some people qualify for a "memo agreement". If they successful complete the "memo", then the case will be dismissed. Although they never go in front of the judge and plea guilty or no contest, they are essentially saying they don't want to fight it by agreeing to the community service or terms of the "memo".
Please talk to a local attorney. A memo agreement or diversion program is usually not an unconditional dismissal. However alot of times any dismissal is better than the alternative conviction or plea to deferred adjudication. Make sure you understand the terms and more importantly consequences of any plea or program under which your case is disposed.
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