Concede (verb)

1. To admit or acknowledge the existence, truth, or validity of something.
2. To acknowledge defeat or accept that something is true or right.

Origin:

From the latin word concedere, meaning to yield or give way.

Examples:

1. He had to concede that he was wrong.
2. She conceded that her opponent had made a valid point.
3. The government was forced to concede to the demands of the protesters.
4. The company conceded that they were responsible for the accident.
5. He had to concede that he was not qualified for the job.