Acknowledging defeat is an important part of any competition. It involves accepting that one has lost and humbly admitting it. The two crossword solutions for the term 'acknowledge defeat' are 'CONCEDE' (7 letters) and 'throwinthetowel' (15 letters). CONCEDE is a verb meaning to accept defeat or give up a claim, while throwinthetowel is an idiom meaning to admit defeat and give up. Both terms imply that one has accepted their loss and is no longer fighting.