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renegotiate

Line breaks: re|nego¦ti|ate
Pronunciation: /riːnɪˈɡəʊʃɪeɪt
 
/

Definition of renegotiate in English:

verb

[with object]
Negotiate (something) again in order to change the original agreed terms: the parties will renegotiate the price
More example sentences
  • If the auditor issues a qualified opinion, the insurer won't issue coverage unless the company renegotiates new policy terms.
  • Do you think we should try to renegotiate our lease terms with the landlord?
  • This would allow the store to sell electronic goods in at least some of its stores without renegotiating its user terms.

Derivatives

renegotiable

1
adjective
Example sentences
  • Recently, both Peter Hawker, chairman of the Consultants and Specialists Committee, and John Hutton, health minister, have said that the contract is not renegotiable if the vote is negative.
  • The murkiness and partial rationality of shifting, renegotiable settlements are the vices of politics that legalist liberals seek to preclude.
  • In an attempt to strong-arm the electorate, Chirac made it clear that in the event of a ‘no’ vote, the constitution would not be renegotiable.

renegotiation

2
Pronunciation: /-ˈeɪʃ(ə)n/
noun
Example sentences
  • In the November - December period, renegotiations for reinsurance cover for 2002 proved very tough for Irish insurers, resulting in premium increases and a curtailment in capacity.
  • The lender will not want to be left behind if the borrower has defaulted under the terms of another loan agreement and that other lender has started enforcement or renegotiation of terms.
  • A transfer of a note, which is part of an eligible rollover distribution, will not be considered a loan renegotiation or revision since the substantive terms do not change.

Definition of renegotiate in:

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