This is the 2491st most frequent Russian word.
признать
"Признать" means "to recognize, admit, or acknowledge."
The word "признать" is used here to mean "to admit" or "acknowledge" something, often related to one's fault or error.
Он признал свою ошибку.
He admitted his mistake.
Here, "признать" implies "to recognize" or "acknowledge" officially or publicly.
Эта книга признана лучшей в своем жанре.
This book is recognized as the best in its genre.
In this sentence, "признать" involves conceding or acknowledging a loss or failure, showing acceptance.