'renegociate' definitions:

Definition of 'renegociate'

(from WordNet)
verb
Negociate anew; "The two warring parties will have to renegociate" [syn: renegociate, renegotiate]
verb
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" [syn: renegociate, renegotiate]