Yielding
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Yielding is a form of social etiquette, where one surrenders to the desires of another; or one person allows access to another person or persons.
In political elections, a losing candidate may yield to the other candidate. This process is known as concession. Preferably this is to be done after the votes are counted.
In traffic, drivers entering a larger road are usually required to yield to cars in the larger road to avoid a fiery collision.
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