Admit (verb)

1. Allow (someone) to enter a place or organization.
2. Acknowledge the truth or existence of (something).
3. Acknowledge (a feeling or responsibility).

Origin:

Late middle english: from latin admittere, from ad- "to" + mittere "send".

Examples:

1. The concert venue admits 6,000 people.
2. He admitted that he had been wrong.
3. She admitted to feeling nervous about her presentation.
4. The company had to admit that their product was defective.
5. I will admit you to the hospital this afternoon.