Meaning & use
Renegotiating
Last updated
Discussing and settling the terms of an agreement again, usually to change them.
See it in a sentence
The union is renegotiating its contract after the merger.
Homeowners can try renegotiating their mortgage rate with the bank.
A note on using this word
Renegotiating a contract typically happens when circumstances change significantly enough that the original terms no longer work for one or both parties.
Words with a similar meaning
rediscussingrevising
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