Definitions of "renegotiate"
  1. The act of discussing the terms of a contract or agreement again, possibly for adjusting interest rates, repayments, or obtaining more money
  2. The process of revisiting discussion, often in a contractual context or agreement, with the goal of modifying pre-existing terms
How to use "renegotiate" in a sentence
  1. The company decided to renegotiate its contract with the supplier due to the increased prices of raw materials.
  2. After experiencing financial difficulties, the individual chose to renegotiate their mortgage loan terms with the bank.
  3. Due to the change in market circumstances, it was necessary for the business partners to renegotiate their former agreement.

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