renegotiate[rē′nə gō′s̸hē āt′]
transitive verbre·ne·go·ti·at·ed, re·ne·go·ti·at·ing, re·ne·go·ti·ates
- To negotiate anew.
- To revise the terms of (a contract) so as to limit or regain excess profits gained by the contractor.
(third-person singular simple present renegotiates, present participle renegotiating, simple past and past participle renegotiated)
- To negotiate new terms to replace old ones.