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Renegotiate

Ree-nih-GOH-shee-ayt

/ˌriːnɪˈɡoʊʃiːˌeɪt/

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Syllable breakdown

renegotiate

Dictionary meaning

Revise the terms of in order to limit or regain excess profits gained by the contractor.

Examples

  • We renegociated our old mortgage now that the interest rates have come down.
  • The two warring parties will have to renegociate.

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