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CONCEDE

Definition:

[verb] admit, make a clean breast of; "She confessed that she had taken the money"
Synonyms: profess, confess
[verb] be willing to concede; "I grant you this much"
Synonyms: yield, grant
[verb] give over; surrender or relinquish to the physical control of another
Synonyms: yield, cede, grant
[verb] acknowledge defeat; "The candidate conceded after enough votes had come in to show that he would lose"