concede
Definitions
To admit that something is true or valid after first denying or resisting it.
To surrender or yield something, such as a possession, right, or point in a contest.
Examples
After a long and difficult match, the champion had to concede defeat to the younger player.
The company decided to concede the point during negotiations to reach a faster agreement.
It is often difficult for politicians to concede that their opponents have a valid argument.