renegotiate

verb

re·​ne·​go·​ti·​ate ˌrē-ni-ˈgō-shē-ˌāt 

renegotiated; renegotiating; renegotiates

transitive verb

: to negotiate again (as to adjust interest rates or repayments or to get more money)

renegotiate a loan

renegotiate a contract

renegotiation

ˌrē-ni-ˌgō-shē-ˈā-shən 

-sē-ˈā-

noun

Examples of renegotiate in a Sentence

The deal is done. I won't renegotiate.

Recent Examples on the Web

After the Herald report, Levine Cava said her staff would renegotiate with the complex owner and come back to the County Commission with a new agreement. —Douglas Hanks, Miami Herald, 7 May 2024

Paramount has prevailed in a copyright lawsuit brought by the heirs to the author of a 1983 magazine story that inspired the original Top Gun accusing the studio of forging ahead with the blockbuster sequel without renegotiating a new license. —Winston Cho, The Hollywood Reporter, 8 Apr. 2024

Word History

First Known Use

1787, in the meaning defined above

Legal Definition

renegotiate

transitive verb

re·​ne·​go·​ti·​ate ˌrē-ni-ˈgō-shē-ˌāt 

: to negotiate again (as for more money or to adjust interest rates or repayments)

specifically : to determine under statutory procedure the existence and amount of excess profits on (a government contract) in order to eliminate or obtain a refund of such profits

intransitive verb

: to negotiate again

specifically : to adjust a government project price in order to eliminate or recover excessive profits

renegotiation

-ni-ˌgō-shē-ˈā-shən, -ˌgō-sē- 

noun