Meaning of the word "good point" in English

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

good point

US /ɡʊd pɔɪnt/
UK /ɡʊd pɔɪnt/

Phrase

an exclamation used to acknowledge a valid or insightful comment or argument made by someone else

Example:
You're right, I hadn't thought of it that way. Good point!
I was going to argue, but then I realized, good point.