Definition

The process of discussing and changing the terms of an agreement or contract that has already been established.

Example

The company is seeking a renegotiation of the contract to better suit their current needs.

Conversation

Have you heard about the renegotiation of the contract at work?

Yeah, I did! It sounds like they want better terms this time.

Exactly! I hope the renegotiation goes smoothly for everyone involved.

Me too! It could really improve our situation.

Synonyms & Antonyms

Root Explanation

Renegotiation → It is formed from "re-" (meaning again) and "negotiation" (from Latin "negotiatio", meaning business or trade). The word "renegotiation" means the act of negotiating again, typically to alter the terms of an agreement.

Memory Tip

Think of 'again' ('re-') when you picture discussing business terms ('negotiation') — that's why renegotiation means to discuss terms again.

Visually Confused Words