renegotiate

verb

Etymology: Etymology tree Proto-Italic *wre- Latin re-der. Old French re-bor. Middle English re- English re- English negotiate English renegotiate From re- + negotiate.

1. To negotiate new terms to replace old ones.

   “The United States announced today that it had renegotiated an important agreement governing textile trade between developing nations and the industrialized countries.”

   “The Cordiant Communications Group in London, the troubled agency company, said yesterday that it would seek to sell additional assets to reduce debt as it renegotiates its loan agreements with banks for a second time.”