renegotiate

[ree-ni-goh-shee-eyt]

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.

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

/ ˌriːnɪˈɡəʊʃɪˌeɪt /

verb

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

Other Word Forms

• renegotiable adjective
• renegotiation noun

Word History and Origins

Origin of renegotiate¹

First recorded in 1930–35; re- + negotiate

Example Sentences

Those going down the fixed route are opting for shorter terms since the rates are lower and borrowers want the option to renegotiate sooner, National Bank Capital Markets says.

Read more on The Wall Street Journal

Debt repayments have since been renegotiated and inflation has come down.

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Her country sends more than 80 percent of its exports to the United States, with which she is renegotiating a trade agreement.

Read more on Barron's

Ultimately, the company expects to offset its ongoing tariff costs, including by raising prices and renegotiating with suppliers.

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"If the interim government is able to pull off elections with credibility, and an elected government takes charges, it could open options for the two sides to renegotiate the relationship and limit the damage."

Read more on BBC