To concede is to admit that something is true or valid, especially after first denying or resisting it. It can also mean to give up something, such as a point, a game, or territory.
From Latin 'concedere', meaning 'to yield, grant, allow', from 'con-' and 'cedere' ('to go, to give way'). The sense of 'giving way' became the modern idea of admitting or surrendering a point.
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