"Okay" basically means "Yes, sure, alright, I guess, you've got it! etc" if it is in a positive way. If it is negative or sarcastic, "Whatever, maybe... etc" ! :) Adios Amigos!
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"OK" is a term commonly used to mean that something is acceptable, approved, or understood. It is often used as a casual agreement or acknowledgment. Its origins are not definitively known, but it is thought to have been popularized in the 1830s.