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

In recent days, Trump also appointed as the United States trade representative Jamieson Greer, the former chief of staff for Robert Lighthizer, the USTR in Trump’s first term who renegotiated the North American Free Trade Agreement and pushed through tough trade measures against China. —Don Lee, Los Angeles Times, 6 Dec. 2024

To protect your business credit during a crisis, renegotiate payment terms with creditors. —Expert Panel®, Forbes, 3 Dec. 2024

During the Trail of Broken Treaties occupation of the Bureau of Indian Affairs building in 1972, author and activist John Trudell addressed the need to renegotiate federal education funding under the Johnson-O’Malley program. —TIME, 25 Nov. 2024

The company highlights a substantial doubt about its ability to continue as a going concern, with plans to renegotiate credit facilities and reduce costs to address liquidity challenges. —Quartz Bot, Quartz, 14 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