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1. (v.t.) renegotiate
to negotiate again, as a loan or treaty.
2. renegotiate
to reexamine (a contract) with a view to eliminating or modifying those provisions found to represent excessive profits to the contractor.
Etymology: (1930–35)
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| Definition of 'renegotiate' |
Princeton's WordNet |
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1. (verb) renegociate, renegotiate
negociate anew
"The two warring parties will have to renegociate"
2. (verb) renegociate, renegotiate
revise the terms of in order to limit or regain excess profits gained by the contractor
"We renegociated our old mortgage now that the interest rates have come down"
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