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renegotiate (v.)

1934, from re- "again" + negotiate. Related: Renegotiated; renegotiating.

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Definitions of renegotiate from WordNet

renegotiate (v.)
negociate anew;
Synonyms: renegociate
renegotiate (v.)
revise the terms of in order to limit or regain excess profits gained by the contractor;
Synonyms: renegociate
From wordnet.princeton.edu