Definition of "renegotiate" []

• To negotiate anew. (verb-transitive)
• To revise the terms of (a contract) so as to limit or regain excess profits gained by the contractor. (verb-transitive)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "Aware of this, the Tory rebels propose a multiple choice referendum with three options: in, out or shake it all about – that is to say "renegotiate the terms of Britain's membership in order to create a new relationship based on trade and co-operation"."
• "Sounds like they are trying to renegotiate, which is good, but seemingly only after their potentially devastating price increase proposal was reduced."
• "The anti-big government Christie has repeatedly demanded New Jersey communities "renegotiate" existing contracts with public employees and threatened them with cutoffs of state aid."