renegotiate

American  

[ree-ni-goh-shee-eyt] / ˌri nɪˈgoʊ ʃiˌeɪt /

verb (used with object)

renegotiated, renegotiating

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.

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verb (used without object)

renegotiated, renegotiating

1. to negotiate anew.

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

renegotiate British  

/ ˌriːnɪˈɡəʊʃɪˌeɪt /

verb

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

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Other Word Forms

• renegotiable adjective
• renegotiation noun

Etymology

Origin of renegotiate

First recorded in 1930–35; re- + negotiate

Example Sentences

AFP has reported that sources familiar with talks had said the US and Denmark would renegotiate the 1951 agreement.

From BBC

A source familiar with the talks told AFP the United States and Denmark will renegotiate a 1951 defence pact on Greenland.

From Barron's

Discovery has suffered a “material adverse effect,” leading it to terminate or renegotiate the transaction.

From The Wall Street Journal

Commission officials have already said they are ready to renegotiate the rules on trace elements of banned pesticides, which affect only a tiny fraction of produce sales in the bloc.

From Barron's

It noted that in such deals, buyers and their financing sources sometimes try to renegotiate the terms before closing.

From The Wall Street Journal