Summary
This short phrase is an expression of surrender or acceptance in a dispute or competition. It signifies that one is giving up or allowing another person to be right. "I concede!" acknowledges that the opposing party has proven their point or has successfully defeated one's arguments, and therefore, there is no longer any point in continuing the debate. It is an admission of defeat and a willingness to accept the outcome or decision, whether it be in a game, an argument, or a negotiation.