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Meaning & use

re-negotiate

verb·Academic

Last updated

UK/ˌriː nɪˈɡəʊʃieɪt/
US/ˌriː nɪˈɡoʊʃieɪt/

Meanings

  1. verbtransitive or intransitive

    To discuss an agreement again in order to change its terms.

    Grammar: Can take an object (re-negotiate the contract) or stand alone (we may need to re-negotiate).

    Patterns

    • re-negotiate something
    • re-negotiate with someone
    • re-negotiate for something

    The two sides agreed to re-negotiate the contract after prices rose.

    The union will re-negotiate with management next month.

    We had to re-negotiate the deal when the buyer changed the delivery date.

  2. verbtransitivebusinessfinance

    To arrange new terms for a loan, debt or payment schedule.

    Grammar: Common with money words: re-negotiate a loan, a debt, the terms.

    Patterns

    • re-negotiate a loan
    • re-negotiate a debt
    • re-negotiate the terms of something

    The company re-negotiated its loan to get a lower interest rate.

    She asked the bank to re-negotiate the repayment terms.

    They re-negotiated the debt rather than declare bankruptcy.

Word forms

third person singularre-negotiates
past tensere-negotiated
past participlere-negotiated
present participlere-negotiating

Common combinations

re-negotiate a contract
Both companies agreed to re-negotiate the contract before the deadline.
re-negotiate with someone
The city plans to re-negotiate with the bus company.
re-negotiate the terms
We can re-negotiate the terms if the market changes.
refuse to re-negotiate
The seller refused to re-negotiate after the inspection.

Synonyms and how they differ

reopen talks
This phrase focuses on restarting discussions; re-negotiate stresses changing the actual terms.
revisit
Revisit means to look at something again, often without the formal bargaining sense.
rework
Rework means to change or improve something, but not necessarily through discussion with another side.

Opposites

finalize

Word family

negotiate verb
To discuss something in order to reach an agreement.
negotiation noun
The process of discussing to reach an agreement.
negotiator noun
A person who takes part in negotiations.

Commonly confused: re-negotiate or negotiate?

re-negotiate vs negotiate

Negotiate is the first round of talks; re-negotiate means going back to talks already held.

Practice

When the supplier raised prices, the buyer asked to ______ the contract.

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