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

The finance team could shift to more strategic tasks, like renegotiating supplier contracts, thanks to this reallocation of their time, which ultimately led to even more savings for the business. —Laurent Charpentier, Forbes, 22 Nov. 2024

The Biden administration signed a five-year cost-sharing agreement with Seoul in October, but there is a chance Trump might look to renegotiate the deal to put his stamp on it as president. —David Brennan, ABC News, 3 Nov. 2024

This is a great time to assess your financial situation, create a budget or renegotiate work contracts to better align with your current goals. —Valerie Mesa, People.com, 11 Oct. 2024

The filing also discusses the termination of a contract with UnitedHealth Group (UNH), effective January 31, 2025, unless renegotiated, and the impact of Hurricanes Helene and Milton on operations. —Quartz Bot, Quartz, 8 Nov. 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