Meaning of the word acknowledged in English

What does acknowledged mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

acknowledged

US /ɪkˈnɑl·ɪdʒd, æk-/
UK /əkˈnɒl.ɪdʒd/

Adjective

accepted or recognized as being true or as existing

Example:
It is an acknowledged fact that he is the best player on the team.