A Public Key Infrastructure (PKI) is the set of hardware, software, policies, processes, and procedures required to create, manage, distribute, use, store, and revoke digital certificates.
A digital certificate is a file digitally signed by a trusted Certification Authority which attests to the binding of a public key with an identity (individual or organization) owning the corresponding private key.
A Certification Authority is a Trusted Third Party Authority responsible for issuing, maintaining & validating digital certificates, by following well established rules, policies & procedures as set forth by PKI standards and best practices.