verb
- to negotiate again or anew, especially to revise the terms of an existing agreement or contract
Usage: third person singular present tense
Examples
- The company renegotiates its supplier contracts every three years.
- She renegotiates her salary during the annual review process.
- The union renegotiates the collective bargaining agreement with management.
- He always renegotiates the terms when renewing his lease.
- The government renegotiates trade deals to better serve national interests.
- The bank renegotiates loan terms for customers facing financial hardship.