1. past tense and past participle of renegotiate; to negotiate again in order to change the terms of an agreement or contract

Examples

• The company renegotiated its lease to reduce monthly payments.
• After the merger, all supplier contracts were renegotiated.
• The union successfully renegotiated their healthcare benefits.
• She renegotiated her salary during the annual review.
• The loan terms were renegotiated to extend the repayment period.
• Both parties renegotiated the deal to include new provisions.