New York Waiver of an Indictment is a legal process by which a defendant may waive their right to a formal indictment and allow a grand jury to charge them with a felony directly. This waiver is commonly used when an accused individual agrees to plead guilty or no contest to the charges at hand in the state of New York. There are two types of New York Waiver of an Indictment: a deferred prosecution agreement (DPA) and a plea agreement. A DPA allows the accused to avoid a conviction and obtain a dismissal of their charges after a period of time if the accused meets certain conditions. A plea agreement, on the other hand, allows the accused to plead guilty or no contest to the charges and receive a reduced sentence. Both of these waivers require approval from a judge in order to be legally binding.