When you both recognize that you've 1)been wrong about something or 2)have hurt/insulted someone AND want to apologize for said transgression with the convenience of a single world
Yo, you're right, I acknowledgize
by TheMightyNutBusta June 16, 2010
the act of acknowledging
I am better than you, you better acknowledgize!
by oogity boogity May 13, 2010