What is i stand corrected?

The phrase "I stand corrected" is an expression used to acknowledge that one's previous statement or assumption was incorrect or mistaken. It is often used politely to admit an error and accept the correct information provided by someone else. This phrase can be used in both formal and informal settings and is a way to demonstrate openness to correction and learning. The phrase implies humility and a willingness to accept the truth, which can be important in maintaining respectful and constructive communication.