climbdowns

/ˈklaɪmˌdaʊnz/
noun
  1. An act of admitting that you were wrong or changing your position in an argument, especially in politics or business.
    • The politician's climbdown was seen as a sign of weakness by his opponents.
    • After weeks of criticism, the company issued a climbdown and apologized.
    • The mayor's climbdown on the new tax plan surprised everyone.
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