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

Commissioner Carr negotiated some changes with Rosenworcel, including extending the transition deadline to help companies renegotiate their contracts. —Maria Curi, Axios, 18 July 2024

Supporters celebrate the accomplishments of his first term; a major tax package, renegotiated trade deals and a tough foreign policy posture. —Sarah D. Wire, USA TODAY, 18 July 2024

One obvious alternative would be reevaluating and renegotiating overly generous construction contracts. —Diane Di Stasio, New York Daily News, 30 June 2024

According to a Sky News report last week, Cineworld is looking to close a quarter of its 100 UK cinemas, and renegotiate rental agreements on around 50 sites. —Melanie Goodfellow, Deadline, 10 July 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