Verb
To suffer to enter; to grant entrance, whether into a place, or into the mind, or consideration; to receive; to take; as, they were into his house; to admit a serious thought into the mind; to admit evidence in the trial of a cause.
To give a right of entrance; as, a ticket admits one into a playhouse.
To allow (one) to enter on an office or to enjoy a privilege; to recognize as qualified for a franchise; as, to admit an attorney to practice law; the prisoner was admitted to bail.
To concede as true; to acknowledge or assent to, as an allegation which it is impossible to deny; to own or confess; as, the argument or fact is admitted; he admitted his guilt.
To be capable of; to permit; as, the words do not admit such a construction. In this sense, of may be used after the verb, or may be omitted.
Source: Webster's dictionaryA wise person can always correct their mistakes, while a foolish one usually cannot even admit them. Source: Internet
A man must be big enough to admit his mistakes, smart enough to profit from them, and strong enough to correct them. John C. Maxwell
Mistakes are always forgivable, if one has the courage to admit them. Bruce Lee
A child who fears beating, would never admit that he played with a missing knife. Nigerian Proverb
If the hare is your enemy, admit that he can run fast. Bambara Proverb
He who does not admit defeat is not a sportsman. Swahili Proverb