Renegociate (Verb)
Meaning 1
Revise the terms of in order to limit or regain excess profits gained by the contractor; "We renegociated our old mortgage now that the interest rates have come down".
Classification
Verbs of telling, asking, ordering, singing.
Examples
- The city will renegociate the contract to ensure the construction company doesn't overcharge taxpayers for the new stadium.
- The airline is willing to renegociate their deal to provide better services to the customers without increasing the ticket prices.
- We renegociated our old mortgage now that the interest rates have come down and are saving hundreds of dollars each month.
- After discovering they were being overcharged, the company decided to renegociate their contract with the supplier to get a better deal.
- The government has vowed to renegociate the contract with the foreign investor to regain some of the control and revenue they initially gave up.
Synonyms
Hypernyms
Meaning 2
Negociate anew; "The two warring parties will have to renegociate".
Classification
Verbs of telling, asking, ordering, singing.
Examples
- The company and union representatives are prepared to renegociate the terms of the contract in light of recent economic changes.
- The two sides have agreed to renegociate the contentious trade deal after months of stalled talks.
- With the deadline for a new agreement looming, the parties must renegociate or risk costly tariffs.
- The mayor and council members must renegociate the budget to accommodate the rapid increase in urban development.
- Both parties have expressed a willingness to renegociate their shares and form a new partnership.