renegotiate

[ ree-ni-goh-shee-eyt ]

verb (used with object)

, re·ne·go·ti·at·ed, re·ne·go·ti·at·ing.

1. to negotiate again, as a loan, treaty, etc.
2. to reexamine (a government contract) with a view to eliminating or modifying those provisions found to represent excessive profits to the contractor.

verb (used without object)

, re·ne·go·ti·at·ed, re·ne·go·ti·at·ing.

1. to negotiate anew.
2. to reexamine the costs and profits involved in a government contract for adjustment purposes.

renegotiate

/ ˌriːnɪˈɡəʊʃɪˌeɪt /

verb

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

Derived Forms

• ˌreneˌgotiˈation, noun

Other Words From

• re·ne·go·ti·a·ble [ree-ni-, goh, -shee-, uh, -b, uh, l, -sh, uh, -b, uh, l], adjective
• rene·goti·ation noun

Word History and Origins

Origin of renegotiate¹

First recorded in 1930–35; re- + negotiate

Example Sentences

They said it was not in the BMA's interests to renegotiate these "outdated" contracts, more than 20 years old.

From BBC

In order to conserve cash, B. Riley suspended a dividend that paid its founder $27 million last year and renegotiated some debt.

From Los Angeles Times

As president, Trump renegotiated the North American Free Trade Agreement, which helped elevate Mexico to become the United States’ top trading partner.

From Los Angeles Times

Under the terms of the deal, investors can renegotiate or claw back their funds if the structural change into a for-profit does not take effect within two years.

From BBC

Any decision to terminate or renegotiate the stadium lease would be up to the city council, not to state legislators.

From Los Angeles Times