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Definitions:
Verb
renegociate
renegotiate
Definition: negociate anew; "The two warring parties will have to renegociate"
renegociate
renegotiate
Definition: revise the terms of in order to limit or regain excess profits gained by the contractor; "We renegociated our old mortgage now that the interest rates have come down"
Definition: To negotiate new terms to replace old ones.