renegotiate

Definition of Renegotiate in English :

1. renegociate, renegotiate

negociate anew

Example Sentences:
'The two warring parties will have to renegociate'

2. renegociate, renegotiate

revise the terms of in order to limit or regain excess profits gained by the contractor

Example Sentences:
'We renegociated our old mortgage now that the interest rates have come down'

WordNet Lexical Database for English. Princeton University. 2010.

Renegotiate

verb

to negotiate again in order to alter or change previously agreed terms

verb intransitive, verb transitiveWord forms: ˌreneˈgotiˌated or ˌreneˈgotiˌating

to negotiate again; specif., to review (a contract) with a view to obtaining more equitable or favorable terms

tr.v. re·ne·go·ti·at·ed, re·ne·go·ti·at·ing, re·ne·go·ti·ates

1. To negotiate anew.

2. To revise the terms of (a contract) so as to limit or regain excess profits gained by the contractor.