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Definitions from the Web

Renegotiation

Definition:

Renegotiation refers to the process of revising or altering the terms, conditions, or agreements of a contract, deal, or arrangement.

Part of Speech:

Noun

Senses:

Sense 1:

The act or process of amending or modifying an existing agreement or contract.

Example sentence:

After several disputes, the business partners decided to enter into a renegotiation of their partnership agreement.

Sense 2:

The act of discussing and modifying the terms of a loan or debt.

Example sentence:

The borrower requested a renegotiation of the mortgage terms to secure a lower interest rate.

Sense 3:

The practice of negotiating the terms and conditions of a new or updated contract.

Example sentence:

The union held a meeting to discuss the possible renegotiation of the employees' benefits package.

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