Renegotiate - Meaning, Definition & English Examples
To renegotiate means to discuss and revise the terms of an agreement or contract, often to reach a more favorable or updated arrangement for all parties involved.
Definition:
To discuss again the terms of an agreement to modify or adjust them.
Synonyms:
revise, amend, modify, adjust
Part of Speech:
verb
Antonyms:
uphold, maintain
Common Collocations:
contract terms, peace deal, loan agreement, salary package
Derivatives:
renegotiation, renegotiating
Usage Tips:
Use when parties agree to revisit and alter existing terms; often in contracts or agreements.
Common Phrases:
back to the drawing board, hammer out a deal, iron out the details
Etymology:
From Latin 're-' (again) + 'negotiari' (to negotiate), meaning to negotiate anew.
Examples:
- 1. The union wants to renegotiate the workers' contracts for better wages.
- 2. They agreed to renegotiate the lease after the first year.
- 3. The two countries will renegotiate their trade agreement next month.
- 4. We must renegotiate the terms before signing the final document.