A plea deal, also known as a plea bargain, is a settlement reached between the prosecutor and defendant that results in a reduced charge. By accepting the agreement, the defendant pleads guilty to a lesser offense and agrees to accept the corresponding consequences, rather than going to trial. It's important to discuss the advantages and disadvantages of a plea deal with your attorney, who will assist you throughout the negotiation process and work to secure the best possible outcome for your case based on its unique circumstances.