concede
verb
uk/kənˈsiːd/ us [ T ]
to admit that something exists or is true, often unwillingly:
concede that The chairman conceded that shareholders had been "impacted by the decline in market prices".
The insurers ultimately conceded liability for repairing the damage to the car.
[ T ]
to give something to someone, or allow them to have it, especially when you are unwilling to do so:
Local government has been forced to concede some of its authority to larger, regionally based, units.
[ I or T ]
to stop arguing, fighting, or competing against someone and admit that you have lost:
After a recount of the votes, the candidate conceded defeat.
Critics say he should have conceded right after the election.
See also
concession