Meaning of the word "Fair point" in English

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

Fair point

US /fer pɔɪnt/
UK /feə pɔɪnt/

Phrase

used to acknowledge that someone has made a valid or reasonable argument or observation, even if one doesn't fully agree or it presents a challenge to one's own view

Example:
You're right, I hadn't thought of it that way. Fair point.
I wanted to go out, but it's raining heavily. Fair point, we should stay in.