Another way to think about this phrase is to picture the literal image it describes – you are standing where you are, acknowledging that you are being corrected by someone or something.

You: “There’s no way that movie has been out for more than 10 years!” Your friend: “I just looked it up, it came out 12 years ago. ” You: “Well, I stand corrected then. ”

Perhaps you’d said you thought green juice was gross, but after trying it you find you like it a lot. Your previous opinion was proven wrong by the event of actually liking green juice. You could say “I stand corrected. Green juice is great!” You predict it won’t storm, and then later that afternoon it does. Your prediction was proven wrong by the fact that it did rain. This is another situation where the phrase “I stand corrected” would work well.