1. admitted or acknowledged that something is true or valid, often reluctantly
Usage: past tense of concede
2. gave up or surrendered (a position, advantage, or defeat)
Usage: past tense of concede

Examples

• She conceded that her opponent had made a valid point.
• The candidate conceded defeat after the election results were announced.
• He conceded the argument when presented with clear evidence.
• The team conceded three goals in the first half.
• The company conceded that their product had safety issues.
• After hours of debate, she finally conceded the floor to her colleague.
• The chess player conceded the match when checkmate became inevitable.