Definition of "reneging" [reneging]

• Present participle of renege. (verb)

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• "The holder of the five of trumps, the knave of trumps, or the ace of hearts, enjoys the privilege of not being obliged to play them when a trump is led; but this privilege (which is called reneging) only holds when the trump led is a lower one."
• "Lenihan said in parliament on Jan. 27 that the idea of reneging on senior bank bonds is akin to "torching" a house, as neighbors, in the shape of depositors, would also flee."
• "During a debate with party spokesman Pearse Doherty on Feb. 7, Irish Finance Minister Brian Lenihan said the government is pressing for a "substantial discount" on 20 billion euros of unsecured senior bank bonds, less than two weeks after he said in parliament that the idea of reneging on senior bank bonds is akin to "torching" a house."