renegotiate: Meaning and Definition of

re•ne•go•ti•ate

Pronunciation: (rē"ni-gō'shē-āt"), [key]

— v., -at•ed, -at•ing.

—v.t.

to negotiate again, as a loan, treaty, etc.
to reexamine (a government contract) with a view to eliminating or modifying those provisions found to represent excessive profits to the contractor.

—v.i.

to negotiate anew.
to reexamine the costs and profits involved in a government contract for adjustment purposes.

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