Well said!
Definition 1 of 1
Pro Tip 1/3Approval Expression
Saying 'well said!' shows that you agree with and admire what was stated. 
Alice: 'Education is more than just memorizing facts.' Bob: 'Well said!'
Pro Tip 2/3Colloquial Use
'Well said!' is casual, best used in informal conversations rather than formal settings. 
At a dinner with friends, one compliments the host and another responds, 'Well said!'
Pro Tip 3/3Encouraging Feedback
It can be used to encourage someone's point of view or to validate their feelings. 
Lily: 'I believe in honesty.' James: 'Well said! That's a great value to uphold.'