From Longman Dictionary of Contemporary EnglishI stand correctedI stand correctedWRONG/INCORRECT formal spoken used to admit that something you have said is wrong after someone has told you it is wrong → correct
Examples from the Corpus
I stand corrected• "It's a moose, not an elephant, Dad!" "Well, I stand corrected."• Oh, well, I stand corrected, ladies.I stand correctedI stand correctedspoken formalWRONG/INCORRECT used to admit that your opinion or something that you just said was wrong → standExamples from the Corpus
I stand corrected• Oh, well, I stand corrected, ladies. 